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December 31, 2024
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Hi, my father signed the mortgage but i co own the house, my name is on the deed. I fully pay the mortgage as my father does not have the income to support. Can I deduct

  • December 31, 2024
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    Best answer by Bsch4477

    Yes, you can deduct the mortgage payments. 

    https://bradfordtaxinstitute.com/Endnotes/Reg_1_163-1b.pdf

     

    1 reply

    Bsch4477Answer
    Employee
    December 31, 2024

    Yes, you can deduct the mortgage payments. 

    https://bradfordtaxinstitute.com/Endnotes/Reg_1_163-1b.pdf