Posted on: 01st Jul, 2010 05:49 am
My grandmother died and the siblings kept the house she owned, and they all agreed that the brother would live in the house and continue to pay the mortgage. Well it has been 7 years and no one has claimed taxes at the end of the year on the property. Can my uncle claim the house on his taxes since he has been paying the mortgage for the last 7 years? Do all the siblings still have rights to the property?
Only the owner of the property who pays the mortgage can take tax deductions on a the mortgage interest.