tmkk
New Member

Deductions & credits

Hi, my partner and I aren't married and we file our taxes separately.  We are buying a house and will both be on the loan and title. We are in California. Can we choose that only one of us deducts the interest? Or can we choose a certain percentage each of us deducts? If so, does it mean that we both will need to itemize or can the other person do the standard deductions if they choose to?

 

Thank you