AmyC
Employee Tax Expert

Deductions & credits

Yes, if you meet the conditions. If the mortgage is based on your property, it is secured debt. The official rules from Pub 936 are:

You can’t deduct home mortgage interest unless the following conditions are met.

  • You file Form 1040 or 1040-SR and itemize deductions on Schedule A (Form 1040).
  • The mortgage is a secured debt on a qualified home in which you have an ownership interest. Secured Debt and Qualified Home are explained later.
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