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sgunnell · Joined: 08 May 2009 Posts: 1 1.31 Dollars($)

I recently took over my moms house. She put me on title and I'm making the loan payment. Can I write off the house if my name isnt on the loan?

shayneroy · Joined: 12 Nov 2007 Posts: 51 21.08 Dollars($)

Hello,

You are on the title means that you certainly are the co-owner of the home.

Why do I say "Co-Owner"? Because, You are not on the mortgage. Hence, your mortgage is on your mother's name and that apparently means she automatically is on the title too. She is one of the owners of the property.

Now, you want to write off the mortgage? Yes, you could as one of the owners of the property. However, it has to be in agreement with your mother. Your mother also needs to sign along with you. You wouldn't be able to do it alone.

Hope this helps.

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

I think you need to consult a Tax consultant to clarify this, just to be sure.

savior70 · Posted: Sat May 09, 2009 4:11 am Post subject:

Hi

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

I think the question was abotu write of the Interest. Please correct.

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Can I wirte off my house if Im only on title, not on the loan?