Does anyone know how to complete the 1098 section (home loan interest) if you are a co-borrower on a loan?

daniellec262 · ‎June 3, 2019

PaulaM · ‎June 3, 2019

Each borrower would complete the section for their 1/2 share or whatever ratio that you paid. Select the radio button ' I co-own this loan with someone'. Then continue to enter your share of the interest.

The same concept would apply for the property taxes as well. You each deduct what you pay.

https://budgeting.thenest.com/can-coborrower-claim-mortgage-interest-paid-taxes-29665.html

[edited 1/15/18 5:14pm]

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View solution in original post

PaulaM · ‎June 3, 2019

Each borrower would complete the section for their 1/2 share or whatever ratio that you paid. Select the radio button ' I co-own this loan with someone'. Then continue to enter your share of the interest.

The same concept would apply for the property taxes as well. You each deduct what you pay.

https://budgeting.thenest.com/can-coborrower-claim-mortgage-interest-paid-taxes-29665.html

[edited 1/15/18 5:14pm]

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daniellec262 · ‎June 3, 2019

Thank you so much for clarifying!

PaulaM · ‎June 3, 2019

You are welcome 🙂

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Does anyone know how to complete the 1098 section (home loan interest) if you are a co-borrower on a loan?