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Mortgage taxes and itemizing multiple mortgages?

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01-27-2008, 05:29 AM

seanmick

Junior Member

Join Date: Jan 2008

Posts: 1

Mortgage taxes and itemizing multiple mortgages?

here is my situation. my parents own a house and the mortgage is under their names. they have VERY low income so every year at tax time i itemize the mortgage interest and get a huge tax refund as a result even tho the mortgage is in their names. Now my dilemma is this...i plan to buy my own house with the mortgage in my own name. can i itemize the mortgage interest from both properties and get an even HUGER refund?

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