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Old 01-05-2003, 04:13 PM
mark naomi
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mortgage interest deduction

What is the name of your state? california-can a silent partner whose name in not on the loan for a rental property write off half of the mortgage interest on his tax return along with the partner who is on the mort. loan?
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Old 01-05-2003, 05:24 PM
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No.
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Old 01-06-2003, 12:21 AM
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Yes, if he also declares 1/2 the rental income on his Schedule E. I.e., if this is really a partnership and not just a loan from the 'silent partner' to the mortgagee.
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