Deductions & credits

Both names are on the 1098 and the mortgage.  I would therefore assume from your answer that I can take f

40% of the 600K and 100 % of the 200K and therefore have not limitations since using this example my total average mortgage for the two mortgages would be 240K plus 200K and therefore below the 750K and therefore no limitation of my total interest paid.  Please clarify if I am interpreting your response correctly and whether having both names on 1098 makes a difference in your response.  Thank you.