RobertB4444
Expert Alumni

Deductions & credits

It would, yes.  So in your case the principal should be $415K for each of you so that you are dividing things evenly.  Or, if you are going to weight heavier for one of you, the other should only use the remaining amount of the 830K (ie 500 + 315, etc).

 

@bagofchips 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"