topic Claiming rental income while not on the mortgage in Investors & landlords

Claiming rental income while not on the mortgage

MarcusSF — Tue, 10 Feb 2026 09:41:22 GMT

My mom's health has been declining and she is going to be moving in with me. I will be renting her house out when she does. What is the correct way to claim the income from this and am I able to claim any of the depreciation as I am not on the loan or deed. Should we get my name on the deed, would this make a difference.

Re: Claiming rental income while not on the mortgage

Bsch4477 — Tue, 23 Jan 2024 01:18:32 GMT

You can’t claim any income or take any deductions on a property that you don’t own.

Re: Claiming rental income while not on the mortgage

MarcusSF — Tue, 23 Jan 2024 01:20:30 GMT

Is being on the deed sufficient to claiming this as I will be paying the mortgage but not on it?

Re: Claiming rental income while not on the mortgage

Mike9241 — Tue, 23 Jan 2024 17:11:33 GMT

My advice is to consult an elders or real estate lawyer. there can be bad income tax consequences when the property is sold if you are on the deed.

also paying your mother's mortgage might be deemed a gift and if over $17,000 you would have to file a gift tax return. It's unlikely there would be any gift taxes just the annoyance of having to file that return which is not handled by Turbotax.