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tomary1976 · Joined: 13 Nov 2009 Posts: 3 1.93 Dollars($)

My daughter cannot qualify for a mortgage by herself for a home she will reside in but not me. I will pay all costs getting the loan (down payment and all closing costs). Can we both share the tax deductions for interest and real estate taxes?

eric1 · Posted: Fri Nov 13, 2009 9:36 am Post subject:

If you are not on the mortgage and/or deed, then you cannot share the tax deductions. Your description indicates that you will give her money. If that is all you are doing, then you are not a co-borrower.

Guest

Yes I will be on the mortgage and the title.

gmakerley · Posted: Fri Nov 13, 2009 12:40 pm Post subject:

check with your tax accountant or the irs. generally, those numbers are going to be reported back to the "primary" borrower - the person whose name is listed first on the mortgage documents. that person's social security number will be used, and the irs obtains copies of those documents, also.

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coborrower on daughters home