I pay the morgage intrest for my friends house, that is under his name. How do I claim that deduction? What forms do I need to fill out?
03254
1 Best answer
xmasbaby0
Level 15
Jun 4, 2019 12:29:38 PM
Unless your name is on the loan or the deed, you cannot claim anything at all. You have given your friend a gift which is not deductible. Sorry.
3 Replies
xmasbaby0
Level 15
Jun 4, 2019 12:29:38 PM
Unless your name is on the loan or the deed, you cannot claim anything at all. You have given your friend a gift which is not deductible. Sorry.
gailsimz454
New Member
Jun 4, 2019 12:29:39 PM
this is a rental property that we have unrecorded claimed deed. Does that change things?
TaxGuyBill
Level 9
Jun 4, 2019 12:29:41 PM
Can you explain the situation? Are you listed as owner on the unrecorded deed? Why is it unrecorded? Are you receiving the rent from the rental property?