radavis15
New Member

What mortgage balance should be entered on a co-owned home as of 12/31/18? 50% to each oner?

Mortgage balance as of 12/31/18 is $239,835.24.  We co-own the property with our son and wife.  They received the 1098 and we split property tax and interest.  Do we each enter $119,917 as the mortgage balance on 12/31/18?