Co-own a home, 1098 form with both names but one SSN

[taylorchaparro]

I co-own a home with my fiance, the 1098 form was issued with both of our names but only my social security number. We equally split the mortgage but I pay for it in full from my bank account and he reimburses me. When filing taxes, do I claim everything or do we split it 50/50? Is it necessary to split or can only person claim the house? 

[Vanessa A]

If you only pay half of the mortgage, then you can only claim half of the credit.  Both social security numbers do not need to be on the 1098 for him to claim his share. 

[taylorchaparro]

Even if it is only coming from one account? We technically both pay it since he pays me back but I make the one payment to the lender from my bank account. I just want to make sure I am not filing incorrectly. 

And do we both need to check the box that says the amount is different than what is on the 1098 form? The amount we both enter should total what is on the form. 

[Vanessa A]

Yes, even if it is only coming from one account.  He is still giving you the money to pay it so you are still both paying it.

Yes, you will both need to check the box. Yes, the amount you both enter should total what is on the form. 

[taylorchaparro]

Thank you!

One more question... Is it possible for one of us to just claim 100% or do we have to split it 50/50?

[RaifH]

No, you can only claim the deduction for interest you paid. If you split the mortgage evenly, then that is how it must be reported on your tax returns.