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Level 2
June 5, 2019
Solved

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?

  • June 5, 2019
  • 1 reply
  • 0 views
My parents are going to live in the house in Texas. I will neither live in nor have any income in Texas.
Best answer by MichaelL1

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. 

1 reply

MichaelL1
MichaelL1Answer
Level 15
June 5, 2019

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. 

Level 2
June 5, 2019
Does the house not being my residence have any impact?