Interest Deduction for tenants-in-common

[bekatz]

If two unmarried individuals own a home as "tenants-in-common" and one can itemize & other cannot itemize: Can one of the individuals deduct all of the interest & real estate taxes as itemized & the other simply take the standard deduction? Thanks.

[Bsch4477 · Accepted solution]

The IRS determined that both parties are entitled to the mortgage interest deduction to the extent of the interest that each taxpayer pays.