I bought a house with my sister and brother in law in 2019, can I claim the house on my taxes if I am 1/3 owner?

kristybolton22 · ‎January 31, 2020

TomD8 · ‎January 31, 2020

Each owner can claim the share of the mortgage interest and property taxes that he or she actually paid.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

TomK100 · ‎January 31, 2020

As long as your name is on the mortgage, you can claim 1/3 (or some other percentage that you all agree on... e.g., 40%, 40%, 20%, 100%, 0%, 0%, etc.) of the mortgage interest and real estate taxes if you paid for those.. Obviously, all of your shares can not add up to more then 100% of the total mortgage and/or real estate amounts.

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I bought a house with my sister and brother in law in 2019, can I claim the house on my taxes if I am 1/3 owner?