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Do I have to report a joint owners' house purchase with my adult son?
My son and I purchased a home and both our names are on the mortgage. However, I do not live in the house or pay any mortgage, property tax, or insurance payments. My son is paying all the payments. He paid the points at closing. Am I obligated to report the 1098 on my tax return if I'm not taking the deduction or does my son just report the interest and points on his return?
Thank you!
March 2, 2024
9:03 AM