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Updated over 6 years ago,
Mortgage interest deduction name on title but not on mortgage
Four of my siblings and I want to buy a vacation home that we will use personally as well as rent out.
All 5 of us will be on the title as owners. We plan on using the rental income to pay for the mortgage. In order for each of us to claim a share of the mortgage interest deduction, do we all have to be on the mortgage as well?