turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If I am paying half my mortgage payment/interest and taxes but only owning 10% of house, may i claim tax and interest exemptions?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AlanT
Expert Alumni

If I am paying half my mortgage payment/interest and taxes but only owning 10% of house, may i claim tax and interest exemptions?

Yes, since you are an owner of the house, you can claim the deduction for the interest and taxes you paid.  However, the deductions are only beneficial if you itemize.  Interest and real estate tax deductions are entered on Schedule A.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies