Re: taxes
Posted by Cathy Ann on 1/18/10

On 1/18/10, sharwinston wrote:
> 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.

No Shar I said his name is on the loan. My name is not on the loan,
but I make the payments. My name is on the deed I am sorry I forgot
to mention that. In other words I am just a renter. I have no
problem with that. Thanks Shar you have been very helpful.

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.