Apparently, you can own a 1% equity interest in a home you live in, and if you pay the entire home mortgage you get to claim 100% of the mortgage interest as your personal deduction. Does the same apply for property tax? If you own 1% of the equity in a home you live in, and you pay 100% of the property tax, can you claim the entire property tax as your personal deduction on Schedule A?
- posted
14 years ago