DMarkM1
Expert Alumni

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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