I brought 50% ownership in a Vacation Home what can I write off on purchase

[Anonymous_]

I am not sure how anyone can be of any assistance to you with so few details.

Since you own 50%, is this a partnership? Do you have an agreement to share profits and/or losses?

Who is the other party (or other parties) with an ownership interest?

Is the vacation home for rental use or personal use or a combination of each?

[T2021]

Okay I bought out my son's 50% ownership in a house with my mother in Texas, We currently live in Nevada.  We consider the 50% ownership a second or vacation home with my mother living in it as primary residence.  It was refinanced and put in my mothers and my name. I gave her 10,000 and pay half the mortgage, taxes, and insurance. We stay there 2-weeks a year.