https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-mom-amp-i-are-on-the-deed-for-her-home-she-has-a-mortgage-in-her-name-only-and-pays-the-mortgage/01/846600#M105517 If I cannot deduct 100% of the mortgage interest and taxes, would I be able to deduct 50% next year as I will be paying 50% of the mortgage and taxes for her home. Fri, 30 Aug 2019 01:26:11 GMT ghirakami 2019-08-30T01:26:11Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-mom-amp-i-are-on-the-deed-for-her-home-she-has-a-mortgage-in-her-name-only-and-pays-the-mortgage/01/846600#M105517 If I cannot deduct 100% of the mortgage interest and taxes, would I be able to deduct 50% next year as I will be paying 50% of the mortgage and taxes for her home. Fri, 30 Aug 2019 01:26:11 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-mom-amp-i-are-on-the-deed-for-her-home-she-has-a-mortgage-in-her-name-only-and-pays-the-mortgage/01/846600#M105517 ghirakami 2019-08-30T01:26:11Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-mom-amp-i-are-on-the-deed-for-her-home-she-has-a-mortgage-in-her-name-only-and-pays-the/01/846623#M105519 <P>no as to the mortgage interest. you are not on it and didn't pay it.&nbsp; for the taxes, you could if you paid them, but you didn't.&nbsp;&nbsp;</P> Fri, 30 Aug 2019 02:10:17 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-mom-amp-i-are-on-the-deed-for-her-home-she-has-a-mortgage-in-her-name-only-and-pays-the/01/846623#M105519 Anonymous 2019-08-30T02:10:17Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-mom-amp-i-are-on-the-deed-for-her-home-she-has-a-mortgage-in-her-name-only-and-pays-the/01/846654#M105522 <P><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/201881">@ghirakami</a>&nbsp;, on a different subject, please can I suggest &nbsp;you talk to an estate lawyer or &nbsp;tax professional on this -- &nbsp;because &nbsp;since you are co-owner, &nbsp;and if your mother intends &nbsp;to pass the house to you, &nbsp;AND you sell the property you will be hit with an unexpected tax bite. &nbsp;Because &nbsp; depending on the type of joint ownership, &nbsp;it may not be an inheritance to you and thus will be subject &nbsp;large ( could be ) capital gain tax. &nbsp;Please consider discussing this appropriate &nbsp;professional , as suggested above.</P> Fri, 30 Aug 2019 03:35:40 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-mom-amp-i-are-on-the-deed-for-her-home-she-has-a-mortgage-in-her-name-only-and-pays-the/01/846654#M105522 pk 2019-08-30T03:35:40Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-mom-amp-i-are-on-the-deed-for-her-home-she-has-a-mortgage-in-her-name-only-and-pays-the/01/846700#M105530 <P>It is <STRONG>NOT</STRONG> necessary for your name to be on the loan in order for you to deduct the portion of the mortgage interest that you actually pay.&nbsp; What is necessary is that you have an ownership interest in the qualified home that secures the mortgage.</P> <P><A href="https://www.irs.gov/publications/p936" target="_blank" rel="noopener">https://www.irs.gov/publications/p936</A></P> <P>Also, if you have an ownership interest in the property, you may deduct the portion of the real estate taxes that you actually pay.</P> <P>You cannot deduct mortgage interest or property taxes that you don't actually pay.</P> <P>&nbsp;</P> <P>&nbsp;</P> Fri, 30 Aug 2019 13:30:29 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-mom-amp-i-are-on-the-deed-for-her-home-she-has-a-mortgage-in-her-name-only-and-pays-the/01/846700#M105530 TomD8 2019-08-30T13:30:29Z