Claiming Mortgage Interest on Home Question?

I'm not on the loan (1098) but assumed all costs of the mortgage.
Based upon Reg 搂 1.163-1(b) I can claim mortgage interest on the loan eventhough I'm not on the loan.
Since selling the home a few years ago, I don't have my statements showing proof of payments.
If the person on the loan(1098) writes a letter and notorizes it stating that I've made on payments and is allowed to claim said deductions, would this be good enough.

sent an inquiry to the bank asking if its possible to order statements. SInce its 2003. I pretty much shredded all this stuff.

You can claim the interest deduction if you paid it. You do not have to have a 1098. But you have to have evidence that you paid the interest. Your canceled checks constitute such evidence, or deductions from your bank account.

A letter from the person can help as evidence, whether or not it is notarized.

thanks everyone. but to those that didnt read what I said I already know that I can claim it since I received the letter from the IRS stating so. I just need to other docs or similar. Just wasnt sure what other info there was. Report It

No proof, no deduction.

It's generally too late to amend the 2003 tax return (unless you are still paying the tax bill off).

Plus when claiming that you are entitled to the deduction under 163-1(b) "Equitable Ownership" you may still be denied and have to try to take it to tax court. Getting to be the "deemed owner" is often difficult. Besides the mortgage, what else were you paying for?

Contact your bank - they should be able to produce those statements.

You cannot deduct home mortgage interest which you are not obligated to pay, even if you pay it. Thus, if your name is not on the mortgage, you cannot deduct the interest. The person named on the mortgage cannot claim the interest deduction either, since that person is obligated to pay it, but did not. You did.

Please refer to IRS Publication 936, Part I, explaining that you must be legally liable for the debt.