Posted on: 08th Oct, 2008 05:05 pm
if you are not on the loan, but you have a quit claim deed giving you half ownership of the home, and you pay half the mortgage, can you claim half of the house on your taxes?
Absolutely, just be sure the other person doesn't claim the full amount of the taxes, and knows to just claim half.
Wonderful, thank you for your response.
I believe you must be obligated to pay, that is, on the loan. Check with a CPA.
