My daughter and I both own our home. Our real estate taxes are $23167 for the year. We both split the taxes.
Is it possible that we can both claim the amount on our individual 1040 forms and both be limited to the $10000 cap each? The tax statement is in both our names with my SSN on it as primary.
Their accountant told them that this was legal. I am using Turbo Tax as I have done for years and can't seem to get an answer. I cannot even understand why the amount I am listing is not coming up as me having the 1098 form???
