topic claiming mortgage interest and taxes without my name on 1098..My son and I own a home, I have not filled my taxes yet. My son's name is not on the mortgage and but is on the title. he pays the mortgage . Can he claims interest and taxes on his return? in Deductions & credits

claiming mortgage interest and taxes without my name on 1098..My son and I own a home, I have not filled my taxes yet. My son's name is not on the mortgage and but is on the title. he pays the mortgage . Can he claims interest and taxes on his return?

magl — Mon, 24 Feb 2025 21:53:07 GMT

Re: claiming mortgage interest and taxes without my name on 1098..My son and I own a home, I have...

DianeW777 — Mon, 24 Feb 2025 22:01:53 GMT

It depends. If the home is collateral for the loan, the person responsible for paying the loan/mortgage and has their name deed for the home would be allowed to deduct the interest and taxes if it was their main home or second home.

If both qualify, a general rule of thumb is the person paying the expense gets to take the deduction.

How do I deduct mortgage interest and taxes if I co-own the home?

Re: claiming mortgage interest and taxes without my name on 1098..My son and I own a home, I have...

magl — Mon, 24 Feb 2025 22:58:31 GMT

Thanks - do you mean as long as I am paying the mortgage and my name is on the deed, I can claim deduction even though my name is not on 1098?

Re: claiming mortgage interest and taxes without my name on 1098..My son and I own a home, I have...

AmyC — Mon, 24 Feb 2025 23:10:12 GMT

Yes. The IRS requires it to be a secured debt on a qualified home. Your son living there qualifies it to be considered a second home for you since it is personal use by your family.