our brother pays the mortgage, but everything is in our name, if he defaults we still have to pay the mortgage
2007-02-05 13:44:08 · 4 answers · asked by bunny rabbit 1 in Business & Finance ➔ Renting & Real Estate
I assume the mortgage is in your name, since the house is in your name--and the mortgage company would not give somebody else a mortgage against an asset not in their name.
If so, then you are the only one who can deduct the mortgage interest.
2007-02-05 13:48:23 · answer #1 · answered by Brad L 4 · 0⤊ 0⤋
Well you should file the mortgage in the end you will see what I mean
2007-02-05 13:47:12 · answer #2 · answered by Mr. Avatar: The Last Airbender 2 · 0⤊ 0⤋
your brother can clain the mortgage interest as long as he pays all the payments
2007-02-05 13:50:03 · answer #3 · answered by mary e 1 · 0⤊ 0⤋
Your brother can show proof that he's making the payments and can take that as a deduction.
Is there anything else in your name that your brother pays for that you want credit for?
2007-02-05 14:25:08 · answer #4 · answered by . 1 · 1⤊ 0⤋