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The cold hard facts if your not on the loan or the mortgage. I t doesnt matter whether you payed the freaking thing or not or whether or not u have legal documentation to verify that u infact did.or if your on the title and pay property tax too CAN U CLAIM THE GOD DAM DEDUCTION OR WHAT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

2007-01-06 17:56:27 · 1 answers · asked by adelbert321 2 in Business & Finance Taxes United States

1 answers

To claim mortgage interest on Schedule A, you have to:
1. Be legally obligated to repay the mortgage. That generally means being on the loan.
2. Actually make payments. You can only deduct what you pay provided you meet 1. above.

2007-01-07 01:50:34 · answer #1 · answered by skip 6 · 0 0

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