can i file my mother 1098 mortgage interest on my tax return i pay the payment?

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can i file my mother 1098 mortgage interest on my tax return i pay the payment?

2007-01-22 18:19:05 · 3 answers · asked by rayjeane 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

3 answers

No. Maybe you should correct this in 2007 and become a part-owner and put your name on the mortgage.

2007-01-23 02:33:52 · answer #1 · answered by Nusha 5 · 0⤊ 0⤋

No you would have to be on the title to the property and be a co-signor on the mortgage in order to deduct the interest. You are not allowed to deduct someone else's interest even if you paid it.

2007-01-22 22:49:37 · answer #2 · answered by waggy_33 6 · 0⤊ 0⤋

Not unless you are legally liable for the payment.

2007-01-23 03:00:59 · answer #3 · answered by Judy 7 · 0⤊ 0⤋