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olimits7
New Member

Divorce: Can I request a split Mortgage Interest (1098) statement from my bank?

I'm in the process of getting a divorce and will not be filing taxes jointly with my spouse this year.

Would I be able to request a "split" Mortgage Interest (1098) statement from my bank?  Or when I receive the full 1098 statement just have my accountant assign 50% to me?

Thank you!

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1 Reply
Phillip1
New Member

Divorce: Can I request a split Mortgage Interest (1098) statement from my bank?

Most likely, you and your spouse will simply need to split the mortgage interest between each other for your tax return this year. See the following (See IRS Other Deduction Questions:(

  • You may claim itemized deductions on a separate return for certain expenses that you paid separately or jointly with your spouse.
  • When paid from separate funds, expenses are deductible only by the spouse who pays them.
    • For example, if otherwise deductible medical expenses are paid from an account owned by one of the spouses or in a community property state from an account that's the separate property of one of the spouses under the laws of that state, only that spouse may claim a deduction for the expenditure.
  • When expenses are paid from funds owned by both spouses, such as from a joint checking account or accounts considered community property under the laws of the state in which the spouses reside, you should generally split the deduction between you and your spouse.
    • For example, if amounts are paid from a joint checking account for interest on a residence both you and your spouse own, you would each deduct half of the mortgage interest paid on your separate returns.
    • However, if only one of you is eligible for a deduction for an expense (for example, real estate taxes on a property owned only by the eligible spouse), only the spouse who is eligible for the deduction is allowed to claim it, even if the expense is paid from joint funds. Each spouse must maintain records documenting who is considered to have paid the expense.
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