Visitor I

Mortgage Interest Deductions

My son was recently added to the title of my house because he is moving in. I will also remain on title. He will not be on the mortgage, but he will be making the full mortgage payments to the bank. Can he claim the mortgage interest deduction on his taxes instead of me?  Thank you in advance for your responses.

MR

1 Comment
Member II

Mortgage Interest Deductions

Yes, he can deduct any amount of the mortgage interest he actually pays.