rjs
Level 15
Level 15

Deductions & credits

The 2 years of residence and ownership don't have to be the same 2 years. You have already lived there for more than 2 years. Your ownership begins on the date that your father actually legally transfers ownership to you. The date that you agreed to the transfer doesn't matter. The date of the affidavit of property value doesn't matter. And it makes no difference whether anyone has claimed a deduction for the mortgage interest.