I pay the mortgage payment on a house that is not in my name on the deed or statements. I know I can not claim the mortgage deduction/property tax deduction. My question concerns the possibility of claiming rent on my state taxes in Michigan. If I do claim it as renting will the third party (owner of the mortgage) have to claim the "rent" as income?
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No, if you claim it as rent on your return, the other party has to claim it as rental income on their return.
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