DMarkM1
Employee Tax Expert

Get your taxes done using TurboTax

Yes, you can split the mortgage interest paid even though the form 1098 has only one taxpayer social security number.  As a married couple who co-owns the home loan and are filing separately, you can each just split the 1098 amounts (boxes 1 and 2) in your TurboTax entries for the home loan.  In other words each of your TurboTax entries will include a form 1098 from the lender that includes only your share of the interest and loan amount.  

 

As xmasbaby0 stated earlier, the state and local tax limitation is $10,000 for a married couple so if you file separately that is split $5000 each.     

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