HopeS
Expert Alumni

Deductions & credits

No, since in order for your son to claim the deduction he must have legal ownership of the property and a responsibility to pay the mortgage. Generally, this means that you both are on the mortgage and responsible for paying the loan.

The IRS lets you deduct your mortgage interest, but only if you itemize deductions

 

See the link below for more information:
 

Can I deduct my Mortgage Interest?

 

@sdonnelly12 

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