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my wife and i purchased a home in ohio i am on the mortage but she is on the deed can she claim the mortage intrest if i dont

jheard · Posted: Thu Jan 24, 2008 8:48 am Post subject:

You must own the property and be liable for the mortgage to take the interest deduction.

http://www.irs.gov/publications/p936/ar02.html#d0e452

larry · Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)

Hi dirtrider,

Welcome to the forum.

Are you also on the deed?

I agree with Jhread that your wife needs to be on the mortgage to get the interest deduction.

Feel free to ask if you have any further questions.

Best of luck,
Larry

jerry · Posted: Fri Jan 25, 2008 1:04 am Post subject: RE: who can deduct interest?

Hi Dirtrider,

It's true that one needs to be on the deed as well as on the loan to get deductions on interest. For more details, please refer to a previous discussion on Tax deduction on Interest .

Thanks,

Jerry.

gmakerley · Posted: Fri Jan 25, 2008 9:50 am Post subject:

if you are filing a joint tax return, you will have no problem.

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mortage intrest question