I bought a 2nd house that my son is going to live in and make the payment. The loan is in my name only, but both names are on the title. Can my son claim the interest paid on his taxes at the end of the year?
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I bought a 2nd house that my son is going to live in and make the payment. The loan is in my name only, but both names are on the title. Can my son claim the interest paid on his taxes at the end of the year?
If he is LEGALLY LIABLE to pay the mortgage, then he can claim the interest.
Otherwise, no.
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