cardplyr
Feb 16, 2011, 10:20 AM
If I am on the deed of my sons house and he had no taxable income for last year am I allowed to claim the taxes and interest since I made the payments?
AtlantaTaxExpert
Mar 9, 2011, 11:42 AM
Were you on the mortgage, thus making you LEGALLY obligated to make the house payments? If so, then, yes, you can claim the mortgage interest as payment on a second house.
You can also claim the real estate taxes since the house is titled in your name.