2nd home deduction

[krissy19747]

I bought a second home a condo which a friend is living in she is paying the mortgage payments but I'm on the mortgage and we are both on the deed.

Can one of us claim deductions for these taxes and payments for the mortgage? If so how long do we have to do an amended return because neither of us knew this and weve owned it for 3 years.

[DoninGA]

Whomever actually paid the mortgage payment can deduct the mortgage interest as an itemized deduction on Schedule A.

The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

You have 3 years from the due date of the original tax return to file an amendment for a tax refund.  It is to late to file a 2017 amended return for a tax refund.

For tax year 2018 the amended return has to be filed on or before April 15, 2022.