Discussion:Mortgage interest for non-liable owner
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Discussion Forum Index --> Tax Questions --> Mortgage interest for non-liable owner
| 20 February 2006 | |
| Am I crazy. I thought that I had read in the last couple of years that there had been more than one ruling that resulted in a home title bearer be allowed to deduct interest even though his name was not on the loan. I cannot now find any reference to this. Can anyone help? | |
| 20 February 2006 | |
| You are quite right. If the mortgage is secured by the property, either the legal or equitable owner may claim a deduction for the interest that he pays. See Reg ยง 1.163-1(b). | |
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