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Deductions & credits
Can / should the 1098 box 2 (outstanding mortgage principal) be split as well? Yes, if you are splitting the interest, you would split the outstanding mortgage principal.
Does the Married Filing Separately limit of $375,000 apply in this case as well? Are you married or just living together? If you are married, then yes. If you are not married, then that does not apply to you.
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‎April 12, 2022
5:45 AM