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New Member
posted Mar 19, 2024 3:00:13 PM

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?

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2 Replies
Level 15
Mar 19, 2024 3:07:37 PM
Expert Alumni
Mar 19, 2024 3:21:24 PM

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).