rose323
Level 5
01-22-2020
05:14 PM
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My client will be adding her mother as a dependent since she is the head of the home. She wants to add the mortgage interest to her return,but the house is not in her name. Can she still claim the mortgage interest? The house belongs to her mother.
poolcleaner
Level 9
01-22-2020
05:21 PM
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Have you verified that the mother can be her dependent? Since her mother owns the house, there is a chance that her mother may be providing 50% or more of her own support. Even if the mother does qualify as a dependent, you cannot take the interest on the mortgage.
George4Tacks
Level 15
01-22-2020
05:44 PM
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Research Equitable Ownership. Also look at IRS Pub 936 https://www.irs.gov/forms-pubs/about-publication-936
Here's wishing you many Happy Returns
