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posted May 31, 2019 7:44:00 PM

We bought a house with in-laws. We got a quick claim deed but are not on the mortgage, can we deduct half of the interest and how do we do that?

We do pay for half of the mortgage.

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1 Replies
Alumni
May 31, 2019 7:44:01 PM

So long as you are on the title, whether through quit claim or warranty deed, you can deduct the mortgage interest that you pay.

(Editorial:  It's one of my hang ups, but it's a quit claim deed.  There is no such thing as a quick claim deed.)