Quit Claim Deed/Tax Consequences

What is the name of your state? California

Hi,
I searched for a long time but did not find my question already. Apologies for any duplicated efforts.

My fiance and I decided to buy a house together (due to close escrow in October, so no papers are finalized yet). Because of his credit score, we decided to put the mortgage in just my name and figured we would file a quit claim deed right behind the closing so that we would technically own the home together even though the mortgage doesn't have his name on it.

We won't be married for at least another year, so we still file our taxes separately. Am I screwing up the tax benefits associated with buying a house by adding his name to the title?

We're both first time home owners, so I know nothing about this.
Much Thanks!!

[HomeGuru]

Originally Posted by amyella

What is the name of your state? California

Hi,
I searched for a long time but did not find my question already. Apologies for any duplicated efforts.

My fiance and I decided to buy a house together (due to close escrow in October, so no papers are finalized yet). Because of his credit score, we decided to put the mortgage in just my name and figured we would file a quit claim deed right behind the closing so that we would technically own the home together even though the mortgage doesn't have his name on it.

We won't be married for at least another year, so we still file our taxes separately. Am I screwing up the tax benefits associated with buying a house by adding his name to the title?

We're both first time home owners, so I know nothing about this.
Much Thanks!!

**A: please post in the Tax Law forum.