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Deductions & credits
Wait. Why are the other tax experts saying you can allocate whatever percentage of mortgage interest you would like between each spouse, as long as the amount equals 100% of the interest paid that year?
My wife has a much larger tax obligation due to being under taxed on a one time company stock option distribution. We wanted to circumvent that liability with leveraging 100% of our property taxes and mortgage interest. Is that not an option?
‎January 31, 2020
1:56 PM