home interest deduction

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  • superman
    Senior Member
    • Feb 2007
    • 158
    #1

    home interest deduction

    Client has been paying the mortgage for son while he is unemployed. We took the interest deduction an Sch A for client and now the IRS sent him a cp2000 saying that the deduction is not allowed. Is there any way to take this deduction? The client is not on the loan that the interest was deducted for. Any help would be appriciated.
    Tags: None
    • solomon
      Senior Member
      • Aug 2006
      • 1012
      #2
      It was nice

      of your client to make a gift.

        Comment

        • jimmcg
          Senior Member
          • Aug 2005
          • 633
          #3
          Agree with gift. Absent any legal obliagtion to pay that is what it was and no interest deduction.

            Comment

            • sea-tax
              Senior Member
              • Apr 2006
              • 971
              #4
              Agree also see TTb page 4-11

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