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Yes, you just must be legally obligated to pay on the mortgage and have actually paid on it.
You then split the 1098 accordingly as to what you each paid.
Note: Many times in the year of purchase the tax impact is not as great as you think it should be due to not an entire year of payments being made for interest and property taxes.
Yes, you just must be legally obligated to pay on the mortgage and have actually paid on it.
You then split the 1098 accordingly as to what you each paid.
Note: Many times in the year of purchase the tax impact is not as great as you think it should be due to not an entire year of payments being made for interest and property taxes.
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