How can i claim house taxes/interest when my name is on the deed but not the mortgage?

Forum|Forum|7 years ago
June 6, 2019
1 reply
0 views

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?

Best answer by view2

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

Taxpayers are responsible for deducting the correct amount of interest paid,

V

view2Answer

Employee

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

Taxpayers are responsible for deducting the correct amount of interest paid,

M

mer0d

Employee

Hi Mikaki,

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,