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Subject:  mortgage interest deduction Date:  5/13/2003  10:53 PM
Author:  5000fingers Number:  65368 of 127753

My GF is buying a condo, and her father is helping her with a down payment. They are hammering out a fair agreement between the two to share the benefits of ownership. I read somewhere that in this kind of arrangement, it is possible to share the interest deduction. Is this true? And if so, how can one person who isn't paying any of the mortgage payments (her father) claim part of the deduction when she is making all of the interest payments?

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