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Financial Planning / Tax Strategies


Subject:  Mortgage interest question Date:  3/6/2000  4:53 PM
Author:  upbuffer Number:  31041 of 127642

Is there a way to mortgage a home I don't own (with owners permission, of course) so that I can deduct the interest?

Restated: Can you deduct interest you paid on a loan against real estate you don't own?

(Family member has agreed to loan money to me against their house (details too numerous to list) - is the interest deductible?)

Is there a best/alternate way to do this?

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