I received a cash gift under federal gift limits. If I use the cash to pay my mortgage bill, can I still deduct the mortgage interest? I itemize. Mortgage/home in my name

elizabeth-a-hart · ‎June 1, 2019

macuser_22 · ‎June 1, 2019

if you paid the mortgage with your money, you can deduct it. The source of the money is not material.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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macuser_22 · ‎June 1, 2019

if you paid the mortgage with your money, you can deduct it. The source of the money is not material.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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I received a cash gift under federal gift limits. If I use the cash to pay my mortgage bill, can I still deduct the mortgage interest? I itemize. Mortgage/home in my name