Posted on: 12th Feb, 2011 04:45 pm
My question is: Is it okay to itemize the interest from the property where I live and the property where my mother lives? My name is on both mortgages, hence it's also on the 1099 forms.
Welcome Chuy,
You might be able to itemize the interest payments on both the properties. You should contact your tax adviser and take his/her opinion in this matter. He or she will be able to guide you in a better manner in this regard.
You might be able to itemize the interest payments on both the properties. You should contact your tax adviser and take his/her opinion in this matter. He or she will be able to guide you in a better manner in this regard.