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Deductions & credits
@dydeanne55 - IRS Publication 530 page 4.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/p530.pdf">https://www.irs.gov/pub/irs-pdf/p530.pdf</a>
1040 Schedule A instructions page A-7
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/i1040sca.pdf">https://www.irs.gov/pub/irs-pdf/i1040sca.pdf</a>
"Deductible Mortgage Interest
"To be deductible, the interest you pay must be on a loan secured by your main home or a second home. The loan can be a first or second mortgage, a home improvement loan, or a home equity loan."
It says nothing about whose name the loan must be in, only that *you* pay interest on a loan for a home that *your *own*.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/p530.pdf">https://www.irs.gov/pub/irs-pdf/p530.pdf</a>
1040 Schedule A instructions page A-7
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/i1040sca.pdf">https://www.irs.gov/pub/irs-pdf/i1040sca.pdf</a>
"Deductible Mortgage Interest
"To be deductible, the interest you pay must be on a loan secured by your main home or a second home. The loan can be a first or second mortgage, a home improvement loan, or a home equity loan."
It says nothing about whose name the loan must be in, only that *you* pay interest on a loan for a home that *your *own*.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 5, 2019
10:10 PM