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Deductions & credits
It depends, if:
- The 1098 has multiple names, but only one person is paying the mortgage/interest: Only the person who actually paid the interest can take the deduction.
- The 1098 has multiple names and multiple people are paying the mortgage/interest: Each can deduct their portion of interest paid. When entering the 1098 only enter the amount that you actually paid, not the full amount.
You don't need to mail in the return. You still can e file.
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‎February 8, 2023
10:25 AM