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posted Feb 11, 2020 8:15:21 AM

Home mortgage

My boyfriend and I own a home and he is the primary owner. Meaning on our monthly statements it’s only in his name but we are both on the deed. He usually claims the mortgage interest. I’m trying to file online- do I click yes or no for owning a home? If I click yes, it wants me to enter the data. Should I click no since I’m not claiming the interest? 

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2 Replies
Expert Alumni
Feb 11, 2020 8:32:07 AM
Level 7
Feb 11, 2020 8:37:22 AM

"... on our monthly statements it’s only in his name ..."   -- means the mortgage loan was taken out only in his name.  Hence he is the only one that is obligated to make the mortgage payments and thus the only one that can claim the mortgage interest as a deduction.

 

"... we are both on the deed ..."   -- means that the title on the deed is in both names as owners.  If/when you sell the house you can split the proceeds any way the two of you desire.