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Deductions & credits
You don't have to report it on your tax return.
Under Section 1041(a) of the Internal Revenue Code, spouses can transfer property to each other (or ex-spouses if the transfer is pursuant to a divorce) without recognizing gain (or loss) on the transaction.
As to the mortgage payments, they are deductible by any person who is liable for the loan, and makes the payments.
[Edited 01/24/2020|8:09 PST]
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‎January 24, 2020
8:06 AM
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