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New Member
posted Jun 6, 2019 12:13:40 AM

Is there a way to claim our mortgage interest on our house with the loan still in my father in laws name? He has passed and it is ours now.

We can't find an interest loan that's the same, all are higher and the bank won't transfer it over to our names. We haven't got credit for the last 3 years and would like to know if there's a form to fill out for this.

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1 Best answer
New Member
Jun 6, 2019 12:13:42 AM

If you are paying the interest on the loan, it does not matter if the loan is in your father's name. This is a relatively common occurrence. As long as you have ownership interest, it is yours to deduct. There is not special form. You can fill out the 1098-INT section as if it was your mortgage.

I would encourage you to consider amending your prior years' returns and taking the deduction as well. You may be able to get a substantial amount of money back.

1 Replies
New Member
Jun 6, 2019 12:13:42 AM

If you are paying the interest on the loan, it does not matter if the loan is in your father's name. This is a relatively common occurrence. As long as you have ownership interest, it is yours to deduct. There is not special form. You can fill out the 1098-INT section as if it was your mortgage.

I would encourage you to consider amending your prior years' returns and taking the deduction as well. You may be able to get a substantial amount of money back.