I recently co-signed a mortgage for my child and setup a trust so that I would not be impacted as the value grew. I know I need to claim this but do not know how?
01168
1 Replies
TurboTaxSusan
Moderator
Feb 24, 2024 10:04:21 AM
You can't claim mortgage interest payments unless you use the property for business or you rent it out.
If you have income from a trust, the trust would have to issue you a tax slip, which you would then enter on your tax return.