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dkg737
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Person #1 takes home loan out with Bank to finance and Person #2 pays the amounts due......who gets the write offs for points, closing costs, interest paid and prop. tax

 
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Person #1 takes home loan out with Bank to finance and Person #2 pays the amounts due......who gets the write offs for points, closing costs, interest paid and prop. tax

Edited---To deduct mortgage interest you must itemize deductions on Sch A, you must have made the payments and you have to have an ownership interest in the home.

IRS Pub 936 has all the details.


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Person #1 takes home loan out with Bank to finance and Person #2 pays the amounts due......who gets the write offs for points, closing costs, interest paid and prop. tax

Edited---To deduct mortgage interest you must itemize deductions on Sch A, you must have made the payments and you have to have an ownership interest in the home.

IRS Pub 936 has all the details.


dkg737
New Member

Person #1 takes home loan out with Bank to finance and Person #2 pays the amounts due......who gets the write offs for points, closing costs, interest paid and prop. tax

Question- are you a tax lawyer? How exactly are you aware this then, if not....Just asking, because I really need to know the tax law.... It sounds like an appropriate answer though.

Person #1 takes home loan out with Bank to finance and Person #2 pays the amounts due......who gets the write offs for points, closing costs, interest paid and prop. tax

google it.
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