MarilynG1
Expert Alumni

Deductions & credits

Does your notarized Loan Agreement with your parents include an Amortization Schedule?

 

If so, you can deduct the Interest you paid them annually as Mortgage Interest, even if you don't have a Form 1098.

 

Here's more info on Mortgage Interest with No 1098.  If you pay the Property Taxes, you can also report them on your return. 

 

@hmurg7 

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