CatinaT1
Employee Tax Expert

Deductions & credits

Are you both listed on the mortgage?  You need to be legally obligated to the loan to take any deduction.  If this is the case, each of you can deduct the portion of interest paid. When entering the 1098 only enter the amount that you actually paid, not the full amount.

 

This article will provide you more information:  Mortgage Interest for co-owners

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