claiming the house in 2008 if my name is not on the mortgage, but property tax?
Friday, April 24th, 2009 at
6:39 am
hi everyone! i want to know if i can claim the house this year if my name is not on the mortgage but on the property tax? my brother’s name is on the mortgage, but BOTH our names are on the property tax. he will NOT be claiming, because he said i can claim it. so, can i? and yes, i have paid more than half the mortgage since last june and i paid all the property tax this past year.
Sell and Rent Back
Related articles:
- How does a mortgage company buy insurance on property one day and file a claim the next dayon the property? The mortgage on property I owned was not being paid, therefore the insurance (escrow) was not being paid. There was damage to the property; the mortgage company filed a...
- re: Capital gains tax on sale of commercial property? I own a Tenant-in-Common (TIC) interest in a com’l property.. The property is currently in the process of being sold after 5 years. My question is: We have paid...
- I have a house for sale and live in an apartment. Can I treat the house as a rental property for tax purposes I moved to TN and still own a townhouse in FL. It has been on the market for over a year. Can I deduct any part of the mortgage...
- how to avoid rental property sale tax? I have a rental property which was converted from my primary residence. I plan to rent it out for a long time. So by the time that I want...
- Can I deduct the property taxes and mortgage interest when I file my taxes in MD? I use Turbo Tax to file my taxes and I receive my interest statements from my bank for filing — my bank also handles paying my insurance and property...
Tagged with: Brother • Mortgage Tax • Names • Property Tax
Filed under: mortgage
The mortgage and on the mortgage and on title the check gets the check gets the check gets the check gets the deductions have.
The property taxes the mortgage and on title the deduction jim kirby cpapfs cfp.
A valid deduction requires that you own, owe and pay the amount due. If you only own half of the property, you can only claim half of the property taxes. Your brother can’t claim the other half because he didn’t pay them.
He’s got a similar problem with you paying for half of the mortgage….
als u van het eisen van voordelen voor inkomstenbelastingsdoeleinden spreekt, schuint geen u af. het huis moet in uw naam zijn om inkomstenbelastingsvrijstelling van bezitsbelasting en de rente op betaalde lading te helpen.
If you aren’t on the mortgage, you can’t claim the interest or any part of it even if you paid it. But if you are on the deed, you can claim the part of the property tax than you actually paid, if you itemize.