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Deductions & credits
As KrisD15 stated, you would split the cost based on what you put into it. Why did the title company split is 66/34? If one received 66% and the other 34%, then this would be the proper way to split it.
Since you are separated (assuming you were married) though, if you are in a community property state, the rules may be different and you may have to claim it 50/50. Which state are you in?
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March 29, 2024
5:45 PM