home interest deduction

[1fastcat800]

What is the name of your state (only U.S. law)? MN

If I refinance and have my girlfriend, who lives with me listed on the new mortgage with me as a cosigner, can she use part of or preferably all of the interest deduction. She will not be a co-owner on the deed.

 

[adjusterjack]

Read IRS Publication 936 - Home Mortgage Interest Deduction.

https://www.irs.gov/pub/irs-pdf/p936.pdf

You have to own the home to take the deduction.

Your girlfriend will not be an owner so she cannot take the deduction.

 

[LdiJ]

What is the name of your state (only U.S. law)? MN

If I refinance and have my girlfriend, who lives with me listed on the new mortgage with me as a cosigner, can she use part of or preferably all of the interest deduction. She will not be a co-owner on the deed.

In addition to the other response, your girlfriend would be a fool to agree to cosign on a mortgage when she would not be on the deed, and you would be a fool to put a girlfriend on your deed.

This whole idea is an extremely BAD one.