in [Event] Ask the Experts: Investments: Stocks, Crypto, & More
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From a tax perspective, is it a good idea for me, as a co-signer for a home mortgage for my son, to be on the title for his home? How is that dealt with at tax time? I will not be living in his home. Thanks!
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From a federal income tax perspective, it should have no impact depending upon who makes payments on the mortgage.
For example, if your son pays, then he will be entitled to take any home mortgage interest deduction on his income tax return.
Thanks!
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