Do you live in a house owned by someone else, but it’s you who pays the mortgage?
Can you still deduct the valuable mortgage interest?
Absolutely! But you have to know the rules and follow them carefully if you want to come out a winner.
You can come out a winner because the tax law is surprisingly fair when it comes to mortgage-interest deductions.
Want to find out more about complying with the IRS rules that govern your personal situation. Read my new April article titled Deducting Mortgage Interest When Your Name’s Not on the Deed.
Three ways my fact-filled article can help you:
- I’ll explain two terms you really need to understand. They are “legal title” and “equitable title.” Depending on how you handle title issues, you can possibly get a huge deduction. Want to learn how you can get your deduction? READ the full article.
- I’ll tell you why going the legal-title route often makes sense. Can you can obtain legal title without triggering negative consequences? If you can, then choosing the legal-title approach is the simplest and cleanest way to ensure that you qualify for mortgage-interest deductions. You’ll get the whole story when you READ the full article.
- I’ll tell you how Sue Davis handled her title situation the right way. Sue’s parents owned her home. But she pays the property taxes and the mortgage. How did she manage to get $54,000 in deductions? You’ll find out when you READ the full article.
Want to make sure you get all the deductions you’re entitled to?
To find out, all you have to do is…
CLICK HERE to get my complete article.
Deducting Mortgage Interest
When Your Name Is Not on the Deed
