When expenses are paid from separate funds, expenses are deductible only by the spouse who pays them.
- For example, if otherwise deductible medical expenses are paid from an account owned by one of the spouses or in a community property state from an account that's the separate property of one of the spouses under the laws of that state, only that spouse may claim a deduction for the expenditure.
- FAQ for deductions when the filing status is MFS
When you go through the mortgage interest, entering Form 1098, be sure the questions are answered correctly. For example, when you come to the question 'Did any of these uncommon situations apply to this loan?' Do NOT select the answer 'Someone co-owns this loan, and I only pay a portion of it.'
- Enter the property taxes here as well, or if they are not paid by the lender through escrow then enter them under Your Home, Property (Real Estate) Taxes.
Community property states may have specific rules so be sure to check to see if you are in one of those states.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
