turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

lp234520
Returning Member

Divorce and Property Tax Implication

My divorce was finalized this year. We jointly paid house expenses for the beginning of the year and then I moved out in March. Since we refinanced shortly before I moved out, my former spouse has not refinanced the house yet in just their name. I am still listed on the mortgage and title and won't be removed until next year.

 

My question is how to reflect this on my taxes. My ex bought me out of the house as part of our divorce settlement though the house is still in both of our names. I did jointly make payments initially in the year but my ex has covered all housing costs for the majority of the year. Am I still entitled to take a deduction for the payments I jointly made? Do I still list the house as a property of mine even though it is not my residence? 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Divorce and Property Tax Implication

You can each deduct the interest you paid however it may not be enough to itemize deductions since you only paid a portion of the year.  

Hal_Al
Level 15

Divorce and Property Tax Implication

You may have to do the math, but for most people the best solution is let your ex take all the deductions and you use the standard deduction.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question