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Mortgage interest deduction - two different parties on loan
My son and my name appear on a 1098 from the bank, but his Taxpayer ID is what is in the box. We both contribute materially to taxes and interest. Last year he took the mortgage interest deduction to take the points since its his primary residence. This year it is in my advantage to take the 1098 interest deduction. My questions are 1) From what I read this seems to be ok, what are your thoughts 2) How do I do this in Turbo tax. That is do I skip the efile and do a manual file with a hard copy of the 1098 attached to my return? 3) Any other thoughts?
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‎June 5, 2019
6:16 PM