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My son is making mortgage payments on his home, which is in my name, Can he claim the interest on his taxes to the IRS?

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  • My son is making mortgage payments on his home, which is in my name, Can he claim the interest on his taxes to the IRS?


Answers

... about who can deduct mortgage interest on their taxes. ... my son’s mortgage for him while he’s ... can’t claim the mortgage interest deduction ...
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Positive: 53 %
... keep the mortgage interest ... him able to claim the interest deduction when his name ... IRS states that you can deduct mortgage ...
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Positive: 50 %

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Federal Taxes » The Tax Consequences if Parents Pay ... a roof over his head, so you can't deduct the mortgage ... Him on My Taxes But He Works? IRS ...
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Positive: 53 %
Home Resources Ask a CPA Home Tax Issues Who Can Deduct Interest on a Mortgage? ... mortgage payments. Can I deduct the interest on ... property in his name.
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Positive: 48 %
Parent Buys House, Kid Pays The Mortgage. ... the mortgage, he can deduct any interest he ... pay on a mortgage that’s not in their name. My ...
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Positive: 34 %
The easy answer is yes you can transfer the title to your home to your son through a Quit Claim ... can protect his ... he still has to pay the mortgage.
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Positive: 11 %

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