KrisD
Intuit Alumni

Deductions & credits

If you are on the loan and the deed of the home, you may claim the interest and taxes that you paid. Your child could claim the interest and taxes that he paid, although taking the standard deduction means those deductions would not be reported. If you did not pay the interest or taxes, you cannot claim them. 

CLICK HERE for IRS Pub 936 Home Mortgage Interest Deduction

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