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Can I deduct 100% of mortgage interest if I own with one other person, instead of splitting 50/50?
My partner and I bought a house this year and
are both on the mortgage. We are not married. Can one of us deduct 100% of the
mortgage interest, instead of each of us claiming half? Splitting in half
($3279 each) is not enough for either of us when itemizing to go over the
standard deduction.
June 5, 2019
11:39 AM
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Get your taxes done using TurboTax
You can deduct what each of you actually paid. If you paid the mortgage from pooled funds, you can split the deduction however you want to.
June 5, 2019
11:39 AM