Deductions & credits

@AmyC 

 

So these steps are ok? For MFS, I shouldn't select co-own this loan since the loan is owned by me and my spouse?

1. Select None of these apply under Do any of these uncommon situations apply to your loan...? (Co-own does not apply in this case)

 

2. Under Details from your 1098, enter half the amount for the Principal, Mortgage interest, and Real estate taxes and check the box that says The interest amount I entered is different than what's shown on my 1098

 

3. Select Primary Home for What kind of property is this loan secured by?

 

4. Provide explanation that it is split 50/50 for MFS under Tell us why your 1098 is different.

 

 

Edit: the reason I'm asking about these steps is someone gave contradicting instructions earlier in the thread that we should select Co-own this loan when filing MFS, even though the TurboTax guide says it's not applicable if the loan is owned with your spouse.