You'd have to talk to the issuer about why you received the form, if you're uncertain that it's accurate. However, based on the rules to deduct interest, it sounds like you could qualify to deduct the interest, based on the specifics of your contract.
To take the deduction, the rules say
you must:
- Have an ownership
interest
in the home OR be liable for the mortgage payment
- Not deduct the same amounts twice (meaning
you and co-owner don't deduct more than total interest)
See the answer below
for more info: https://ttlc.intuit.com/replies/3875555
Let me know if you have more questions.
