Posted on: 18th Feb, 2010 08:13 pm
My wife quit claimed her interest in a house to her ex-husband. She is still primary on the mortgage. He is not on the debt at all. Someone not on the deed or mortgage is paying the mortgage (like rent) to the mortgage company.
Can my wife deduct the mortgage interest on her taxes?
thanks for the help
Can my wife deduct the mortgage interest on her taxes?
thanks for the help
Hi stew,
If the wife's name is on the mortgage, then I guess she will be able to claim the mortgage interest on her taxes. However, as her name is not on the property deed, I would suggest you to speak to a tax adviser in this regard.
Thanks
If the wife's name is on the mortgage, then I guess she will be able to claim the mortgage interest on her taxes. However, as her name is not on the property deed, I would suggest you to speak to a tax adviser in this regard.
Thanks