You'll need to sign in or create an account to connect with an expert.
Yes, two people can claim interest and property taxes paid on the same house.
You will enter the amounts you individually paid and/or received relating to this home, on your individual tax return. So, if costs and ownership were split 50/50, this is how you will enter it into your tax return.
What if one of people doesn’t not need the mortgage interest deduction, due to senior income using standard deduction. Can they give that total deduction to the other person on the mortgage?
You can deduct the amounts you paid. @munozdg
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.
rfphilli1040
New Member
dmitchell85
New Member
mroman2013
New Member
That
Level 2
dean0jones
Level 1