I live with my mother and the house is just in her name. She was going to put my name on the deed for the house so I could take out a home equity loan to pay off some bills I have and also so I could claim the interest from the loan for when I file my taxes. She asked her accountant about this and he said it was not a good idea because if both of our names our on the deed, then we will need to split the claiming of the taxes paid on the house. She needs to claim the taxes herself.
Is it true that if two names are on the deed, that you have to split the amount of the taxes when we file or can one person claim the entire amount? I do not pay anything for the taxes, she does. Thanks.