Question
Schedule E Interest Expense
My case is a bit complicated.
In Spring of 2021, I bought an investment house. It is in my name only. My husband took out a low-interest loan for me to get the home. The loan is in his name only. He was not my husband at the time. He was my fiance/boyfriend.
Ins September 2021, I got married.
The house is still in my name only. The loan is still in his name only. We are married filing jointly. Can we take the interest expense he paid on his loan against my house? Can we take this deduction on the schedule E?
