MMJ5
Level 1

Tax Deductions of Joint Condo Ownership

My daughter and I bought a condo together this year. I paid all the down payment, closing costs, inspection fee, etc. She is now paying the monthly mortgage payments and HOA fees while I pay off my car loan. Both of us are on SS and have no taxes withheld. When we file separately, who deducts what? Or does it even matter since for a few years past we have received no tax refunds? We both file the short form.

 

Thank you.