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.

If I co-own a mortgage with someone and split payments 50/50, should I enter half the mortgage interest listed in box 1 of my 1098?

 
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

If I co-own a mortgage with someone and split payments 50/50, should I enter half the mortgage interest listed in box 1 of my 1098?

CO-OWNING A HOME

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/deduct-mortgage-i...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
TomK2023
Expert Alumni

If I co-own a mortgage with someone and split payments 50/50, should I enter half the mortgage interest listed in box 1 of my 1098?

As long as both of you actually paid the mortgage, either of you can claim the full amount or split it according to how much each of you paid (e.g., 50/50), but you both can not deduct the full amount (same with real estate or property taxes).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question