Who can Claim Mortgage interest on taxes.

I have paid my mothers mortgage (principal and interest) all year.

Can I claim the mortgage interest I paid even though my name is not on Loan?

Kind Regards,
Joe

Only the loan holder can claim the interest. The 1099 issued by the lender will be in the loan holders name and SSN

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Originally Posted by ScottGem

Only the loan holder can claim the interest. The 1099 issued by the lender will be inthe loan holders name and SSN

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I was afraid of that. Is there anything I can do about this coming year?

Also Do you know if I can claim the Property tax portion on my taxes?

If you aren't the owner then no. In fact, its possible these amounts can be considered a gift to your mother and subject to gift taxes.

What you might be able to do is claim mom as a dependent since you are providing a significant amount of her support.