Thanks.
If you split the expenses evenly, then your new deduction are $17K each.
Why would my new deductions be $17K each if I were deducting a total of $35K each in property taxes and mortgage interest, or 40K if you include the $5K to charity in you example?
But you have to look at your current situation to see how much that $17K will really increase your deductions from the free $8K you may already be getting.
Again, this I don't get. Surely a 17K deduction is better than a free 8K reduction? Or do you mean in regards how much money that actually saves me vs how much extra it costs me to itemize?
