What is the name of your state?undefinedWhat is the name of your state? CALIFORNIA
I am buying a house with my brother. We do not plan on having my name on Title of the house. However, I am a co-borrower on the mortgage and pays for the mortgage out of my checking account. Lender said it's ok to only have his name on the title and not mine.
Can I deduct the cost of the mortgage (points, interest, property taxes, etc.) on my federal and state income tax returns? The 1098 will be issued in both my name and his. Please advise. Thank you.
I am buying a house with my brother. We do not plan on having my name on Title of the house. However, I am a co-borrower on the mortgage and pays for the mortgage out of my checking account. Lender said it's ok to only have his name on the title and not mine.
Can I deduct the cost of the mortgage (points, interest, property taxes, etc.) on my federal and state income tax returns? The 1098 will be issued in both my name and his. Please advise. Thank you.