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Do i divide my 'mortgage interest received from payer' (1098 box 1) if i'm filing as Married filing separately?

 
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TomK2023
Expert Alumni

Do i divide my 'mortgage interest received from payer' (1098 box 1) if i'm filing as Married filing separately?

Yes, you may split your mortgage interest amount any way that you mutually agree upon such as 70/30, 60/40, 50/50, etc., as a married couple (if you live in a community state, the rules differ depending on where you live, but probably requires a 50/50 split).

 

"Yes, you can split the mortgage interest paid even though the form 1098 has only one taxpayer social security number. 

 

As a married couple who co-owns the home loan and are filing separately, you can each just split the 1098 amounts (boxes 1 and 2) in your TurboTax entries for the home loan.  

 

In other words each of your TurboTax entries will include a form 1098 from the lender that includes only your share of the interest and loan amount."

 

See TurboTax Expert DMarkM1's original post HERE.

 

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