Taking on Mortgage as First Year AnalystSubscribe
Low-income student here originally from a non-NY state who will be starting at a BB/EB next year. I have a good bit of money saved up due to internships, part-time work and my school's generous financial aid (will thankfully graduate 100% debt-free as well). I've been considering helping my parents buy a small house, and I have enough in savings now actually to cover the mortgage, while my parents would probably take care of interest payments. This got me thinking, if I took out a mortgage as a first year analyst on a house in a non-NY state while I'm working in NY, would I be able to deduct this on my taxes?