Re: taxes
Posted by sharwinston on 1/18/10

So..... now your story changes. You said the house was in your
husband's name. And now you say your name is on the deed.

Generally, the person in whose name the loan is made is the one
that the mortgage company will send the 1099 to. If your name
isn't on the 1099, then, no, you don't get to write off the
interest because the IRS can't match the 1099 to your name/SSN on
the the tax return.

If your name is on the deed, you can live there as long as you
want unless he takes legal action (i.e. partition) or the mortgage
isn't paid, in which case the lender will take action and
foreclose.

For further info: dial 1-800-VICTIMS


On 1/18/10, Cathy Ann wrote:
> On 1/18/10, v wrote:
>> I agree! You could do better as a call gurl. Keep all your
>> money, pay NO taxes. No worry about write offs. NO husband ta
>> piss you off.
>>
>>
>> On 1/17/10, sharwinston wrote:
>>> Think about it like this & you should be able to answer your
>>> own question: Absent any agreement to the contrary, you
>>> have no legal obligation to make the payment & no legal
>>> rights of ownership -- you're in the same position as a
>>> tenant and he's the landlord. Now, who do you think gets to
>>> write off the interest on their taxes! You're just paying
>>> another kind of "rent."
>>>
>>> On 1/17/10, Cathy Ann wrote:
>>>> I live in a house that is in my husbands name although, I
>>>> pay the note. My question is; do I have to claim the
>>>> interest that has acrued through my payments, or just let
>>>> my hustand have that write off being as his name is the
>>>> only one on the loan? My house payment is 1900 a month. Is
>>>> it worth hassling with him over who will get the write
>>>> off? What do you think?
>
> So actually I have no claim even though he put my name on the
> deed? We are estranged - though still legally married. He will
> eventually throw me out whenever he feels like it when he can
> find someone to charge higher payments too. I probably would be
> better off renting from strangers having my own apartment if
this
> is the case.

Posts on this thread, including this one

• CA: taxes, 1/17/10, by Cathy Ann.
• Re: taxes, 1/17/10, by sharwinston.
• Re: taxes, 1/18/10, by v.
• Re: taxes, 1/18/10, by Cathy Ann.
• Re: taxes, 1/18/10, by sharwinston.
• Re: taxes, 1/18/10, by Cathy Ann.