- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I am a co-borrower on a mortgage (50-50 split). Should "Original Loan Balance" and "Balance on Jan 1" be the full loan amount or half?
To be clear, I am not talking about "Your portion of mortgage interest" or "Outstanding mortgage principal." I understand those are to be split in half compared to what's on the 1098. What I'm not sure of is if the Original Loan Balance and Balance on Jan 1 should also be split or not. This may be important as if it's the full amount, it's over the $750,000 cap, but if half amount, it is under.
Topics:
‎June 1, 2019
10:06 AM