707100
You'll need to sign in or create an account to connect with an expert.
Yes. Since you are on the deed, you have "substantial interest" in the property and therefore meet the requirement to be legally obligated to pay the mortgage.
But, You pretty much have a choice. One can claim it all or you can split it. It's usually best if only one claims the deductible home expenses, allowing the other to use the standard deduction.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ramseym
New Member
Long52
New Member
DallasHoosFan
New Member
eric6688
Level 1
TEAMBERA
New Member