Home purchase deductions: I purchased a home with my son and his wife. We all live in the house and share expenses. who can take deductions for the home?

[jsenra1]

I purchased a home with my son and his wife. We all live in the house and share expenses. who can take deductions for the home?

[Coleen3 · Accepted solution]

As long as all of you are liable for the debt and pay the debt, it is up to you.

You could choose to alternate years or split the amount between you.