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If both names are on 1098, you will divide the interest, insurance (if applicable) and taxes by 2. Each will put the divided value on their return. Basically, you will half the amount to enter on return. Only the people/person whose name appears on 1098 can claim it.
If both names are on 1098, you will divide the interest, insurance (if applicable) and taxes by 2. Each will put the divided value on their return. Basically, you will half the amount to enter on return. Only the people/person whose name appears on 1098 can claim it.
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