I purchased a new home

[juju7584]

I recently purchased a home with my boyfriend. Since we're not married and we file separate who claims the house?

[MargaretL]

Both of you would claim the house. You should divide your expenses based on who paid them; if they are deducted form a joint account, divide them evenly.

Note: 

• unmarried couples - each can claim the portion of the expenses that they paid
• married couples - can allocate the expenses in any manner they choose, unless they live in a community property states (if they do, they are subject to community property rules)

[juju7584]

Is it okay for just one of us to claim it?

[MargaretL]

No, you can't. Per Irs: "If you and at least one other person (other than your spouse if you file a joint return) were liable for and paid interest on a mortgage that was for your home, and the other person received a Form 1098 showing the interest that was paid during the year, attach a statement to your return explaining this. Show how much of the interest each of you paid, and give the name and address of the person who received the form. Deduct your share of the interest on Schedule A (Form 1040), line 11, and print “See attached” next to the line. Also, deduct your share of any qualified mortgage insurance premiums on Schedule A (Form 1040), line 13."