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Deductions & credits
In order to deduct mortgage interest and property taxes, you must have an ownership interest in the house (you must be on the deed). Co-signing the mortgage is insufficient by itself. And of course you can only deduct the portion of the mortgage interest and property tax that you actually pay (if you qualify at all).
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎June 6, 2019
7:27 AM