Vanessa A
Employee Tax Expert

Deductions & credits

You can both answer yes to "Did you make any payments on a home loan" and you can split the interest or one of you can claim it.  This is simply a question to customize your TurboTax interview.  You are not locked into entering anything or claiming anything by answering yes. 

 

Your home loan is only relevant if you are itemizing your return.  If one of you are itemizing then you both must itemize or you both must take the standard deduction. This means one of you cannot itemize and claim the mortgage interest deduction while the other one takes the standard deduction. 

 

 

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