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Old 01-25-2008, 11:15 PM
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Default Open Question: In a joint tenant agreement, can one party claim mortgage interest if

This is a tricky one. I bought a house in 2006 with my parents as "joint tenants." At the time, they were included on my first mortgage and also on the title for the house. I am now looking to refinance, and I have been told that since they are on the title / deed, they do not have to be on the mortgage to be able to claim any of the tax benefits from the mortgage. Essentially, they are saying I can refinance with the loan in my name, but my parents can still use the tax benefit because they are still "owners" of the house.Would appreciate any citation of IRS or legal documentsThanks in advance


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