Hello,
My fiancé and I are figuring out taxes. We each own the house and it’s split between us. All expenses and mortgage payments come out of the same account which is shared.
She makes more than I do. (Almost double) Is it possible for her to claim the entirety of the mortgage interest and taxes, while I just do the standard deduction? Or do we each have to claim a portion of it?
IF we each have to claim a portion, can it be where she claims a larger portion of it due to our salary differences so we can see a larger deduction for her?
We are not married so it seems we might be able to have her have the deduction but I’m not sure.
Thank you.
