My parents purchased this house three years ago for an investment. I moved in at that time and have been paying the property taxes and mortgage. Now that I am earning more, I could benefit from the deduction. My parents are supportive of this. I could purchase it; we could refinance and add my name to the note. BUT couldn't we save costs by simply adding me to the deed and let me claim the deduction? If so, if I am added this November, can I claim the deduction for the entire year since I have been paying it and they will not claim the deduction?
