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Updated about 16 years ago on . Most recent reply
Taking mortgage writeoffs
Do you have to be on a mortgage for the deductions to be taken on your taxes? My CPA says yes but I thought the writeoffs went to the person who actually made the mortgage payments. For example, one brother buys a condo and another brother makes the payment. The resident brother has a "equity interest" and therefore takes the deduction. Any information would be appreciated.