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How can i claim house taxes/interest when my name is on the deed but not the mortgage?
My Fathers and My name are on the deed, His name is on the mortgage not mine, I pay the mortgage, he does not claim the house on his taxes, Can I?
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How can i claim house taxes/interest when my name is on the deed but not the mortgage?
Yes, if you’re a legal owner of the home and pay the entire mortgage, you can claim the full amount of mortgage interest and taxes [if you paid]if you itemize on Schedule A.
You can deduct home mortgage interest if all the following conditions are met.
1.You file Form 1040 and itemize deductions on Schedule A (Form 1040).
2.The mortgage is a secured debt on a qualified home in which you have an ownership interest.
http://www.irs.gov/publications/p936/ar02.html#en_US_2013_publink1000229890
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How can i claim house taxes/interest when my name is on the deed but not the mortgage?
Yes, if you’re a legal owner of the home and pay the entire mortgage, you can claim the full amount of mortgage interest and taxes [if you paid]if you itemize on Schedule A.
You can deduct home mortgage interest if all the following conditions are met.
1.You file Form 1040 and itemize deductions on Schedule A (Form 1040).
2.The mortgage is a secured debt on a qualified home in which you have an ownership interest.
http://www.irs.gov/publications/p936/ar02.html#en_US_2013_publink1000229890
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How can i claim house taxes/interest when my name is on the deed but not the mortgage?
Can you explain the contradiction in your answer to the one pasted below and irs website link, Can you tell us where and provide a link that you must be on the mortgage in addition to being on the deed as a co-owner?
Pasted response by someone else:
Yes, if you’re a legal owner of the home and pay the entire mortgage, you can claim the full amount of mortgage interest and taxes [if you paid]if you itemize on Schedule A.
You can deduct home mortgage interest if all the following conditions are met.
1.You file Form 1040 and itemize deductions on Schedule A (Form 1040).
2.The mortgage is a secured debt on a qualified home in which you have an ownership interest.
Taxpayers are responsible for deducting the correct amount of interest paid,
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How can i claim house taxes/interest when my name is on the deed but not the mortgage?
View2's answer is correct. If you own the property, you can deduct the mortgage interest that you pay, even if you are not on the mortgage.
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How can i claim house taxes/interest when my name is on the deed but not the mortgage?
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How can i claim house taxes/interest when my name is on the deed but not the mortgage?
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How can i claim house taxes/interest when my name is on the deed but not the mortgage?
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/p530.pdf">https://www.irs.gov/pub/irs-pdf/p530.pdf</a>
1040 Schedule A instructions page A-7
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/i1040sca.pdf">https://www.irs.gov/pub/irs-pdf/i1040sca.pdf</a>
"Deductible Mortgage Interest
"To be deductible, the interest you pay must be on a loan secured by your main home or a second home. The loan can be a first or second mortgage, a home improvement loan, or a home equity loan."
It says nothing about whose name the loan must be in, only that *you* pay interest on a loan for a home that *your *own*.
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How can i claim house taxes/interest when my name is on the deed but not the mortgage?
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