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To deduct mortgage interest on a property, your name must be on the deed. You need to have an ownership interest in the house. If your name is on the deed, you can deduct the portion of the mortgage interest you personally paid.
To deduct mortgage interest on a property, your name must be on the deed. You need to have an ownership interest in the house. If your name is on the deed, you can deduct the portion of the mortgage interest you personally paid.
Yes. To qualify only two criteria must be met.
1) You must be legally obligated to pay it.
2) You must actually pay it.
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