Mortgage interest 1098 form with 2 names on it- 2 people have purchased a house together in 2015 and both names are on the mortgage who can claim the interest

[AnnaB]

Anytime, you're very welcome!

[JM2492]

Does anybody know if I can claim the house one year and the next year be claimed by my partner? Both of our names are on the loans, but it only shows one of the borrowers social security number on the 1098 form. 

Thanks!

[KrisD15]

Yes, that can be done if the partner is part owner of the property and made the payments. 

TurboTax allows you to enter a 1098 issued to someone else under these circumstances. Follow the interview in the 1098 section. 

[JM2492]

Thanks! I was wondering also because I made more money last year than my partner. I've heard that we can also split it 50/50, but I've tried to and I still come out owing. We've owned the house for 3 years now and every year I have claimed it under my partner's taxes. Any advice on that?

@KrisD15 

[DaveF1006]

No i can't think of any additional advice to offer. My suggestion is for one of you to claim the full mortgage interest so you can take advantage of the deduction. Choose which one of you would have the greatest benefit from doing this.