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How do you answer the question "did you own a home?" if you are paying a mortgage?

The options are only "yes" / "no". I guess, if you are paying a mortgage you technically do not still own a home until you are done paying, but you are still responsible for all other "home owning expenses" (like property tax).
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Vanessa A
Expert Alumni

How do you answer the question "did you own a home?" if you are paying a mortgage?

If your name is on the deed to the house you own the home.  Having a mortgage does not make you not own the home for tax purposes. 

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2 Replies
Vanessa A
Expert Alumni

How do you answer the question "did you own a home?" if you are paying a mortgage?

If your name is on the deed to the house you own the home.  Having a mortgage does not make you not own the home for tax purposes. 

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

How do you answer the question "did you own a home?" if you are paying a mortgage?

It doesn't matter how you answer.  I think that question is only to help determine what version you need to use and to ask you questions later about your deductions.  I say no on mine so I can skip the itemized deductions since I'm just taking the Standard Deduction.

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