hey guys,
o.k, heres my situation, need a little help. Last year my mom and dad got divorced, my mom got the house, but because she had never worked her whole life, and had no job, she couldnt afford it. I refinanced the home with her using my credit and income. I ended up actually paying the entire note all year, a total of $10,590 in interest. The problem is that when we refinanced she was still listed as the primary borrower. So can I deduct the interest, even though Im not the primary borrower??? she obviously is not claiming it since she didnt have any income all year.
thanks alot