- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I claim mortgage deduction on a house in Texas I co-own with my parents, if I myself rent an apartment and live in California?
My parents are going to live in the house in Texas. I will neither live in nor have any income in Texas.
Topics:
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I claim mortgage deduction on a house in Texas I co-own with my parents, if I myself rent an apartment and live in California?
If your name is on the title to the home in Texas, you are listed on the mortgage and you make payments on the mortgage you can deduct the interest on the home on your tax return.
Home being in Texas has no impact and actually nowhere in TurboTax do you need to say where the home is located.

5 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I claim mortgage deduction on a house in Texas I co-own with my parents, if I myself rent an apartment and live in California?
If your name is on the title to the home in Texas, you are listed on the mortgage and you make payments on the mortgage you can deduct the interest on the home on your tax return.
Home being in Texas has no impact and actually nowhere in TurboTax do you need to say where the home is located.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I claim mortgage deduction on a house in Texas I co-own with my parents, if I myself rent an apartment and live in California?
Does the house not being my residence have any impact?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I claim mortgage deduction on a house in Texas I co-own with my parents, if I myself rent an apartment and live in California?
No, it could be considered your 2nd home and it gets entered in the same place in TurboTax.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I claim mortgage deduction on a house in Texas I co-own with my parents, if I myself rent an apartment and live in California?
Got it! Thanks!
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I claim mortgage deduction on a house in Texas I co-own with my parents, if I myself rent an apartment and live in California?
my pleasure
Still have questions?
Make a post
Or browse the Forums