Can I claim a mortgage interest deduction if the mortgage is in mine and another persons name, but the deed is not in my name?

[Rawkus]

I am a cosignor on the mortgage and was promised the property, but my name is not on the deed. Can I claim mortgage interest on my taxes?

[Marketstar]

Yes, you can deduct mortgage interest if you are legally obligated for the debt as in the case of a co signer.

To enter mortgage interest

• Click on Federal Taxes (Personal using Home and Business)
• Click on Deductions and Credits 
• Click on I'll choose what I work on (if shown)
• Under Your Home
• On Mortgage Interest, click on the start or update button