Can I write off my mortgage interest on my tax return if my name is on the title but not on the loan

%26quot;You must be legally liable for the loan. You cannot deduct payments you make for someone else if you are not legally liable to make them. Both you and the lender must intend that the loan be repaid. In addition, there must be a true debtor-creditor relationship between you and the lender.%26quot;

My reading tells me that you may not, but since your name is on the title, review the IRS link below:

Can I write off my mortgage interest on my tax return if my name is on the title but not on the loan?

You don%26#039;t have a mortgage if your name isn%26#039;t on it.

Can I write off my mortgage interest on my tax return if my name is on the title but not on the loan?

matters who is on the title and who is making the payments.

your spouse- filing jointly? it doesnt matter. you get to deduct

parents-

claiming them as dependent- should be able to i think

not claiming them- no you cant even if you are making the payments. this goes for others too. your payments might be a gift which you could pay extra gift tax on over 12K or 24K if married, or maybe even income on their part and they would pay taxes on that amount.

again, check with a professional, this is just my guess.

Can I write off my mortgage interest on my tax return if my name is on the title but not on the loan?

No you may not. You must be legally obligated to make the payments and you must actually make them in order to take the mortgage interest deduction. Since your name is not on the loan, you may not take the deduction. Additionally the person whose name is on the loan may not take the deduction either as they did not make the payments.

Since your name is on the title, you MAY take the property tax deduction, however.

Can I write off my mortgage interest on my tax return if my name is on the title but not on the loan?

Is it a loan on your home? Your name may not be in the title, but does the loan agreement mentions you as co? Here is text from Publication 936.

%26quot;More than one borrower. If you and at least one other person (other than your spouse if you file a joint return) were liable for and paid interest on a mortgage that was for your home, and the other person received a Form 1098 showing the interest that was paid during the year, attach a statement to your return explaining this. Show how much of the interest each of you paid, and give the name and address of the person who received the form. Deduct your share of the interest on Schedule A (Form 1040), line 11, and print 閳ユ藩ee attached閳?next to the line.%26quot;

Can I write off my mortgage interest on my tax return if my name is on the title but not on the loan?

No. You can only deduct mortgage interest that you are legally obligated to pay. If you aren%26#039;t on the mortgage, then you aren%26#039;t legally obligated to pay it even if your name is on the title and you are actually paying the payments.