My boyfriend and I bought a home together last year. Both of our names are on the title. We split the mortgage 50/50. Does this mean we can both claim the home?
Yes. You each can claim the amounts that you actually paid for mortgage interest and real estate taxes. If you spit the mortgage 50/50, you each can take one half of the expenses.
Select Federal Taxes Select Deductions and Credits Scroll down and select Show More at Your Home Select Start or Revisit at Mortgage Interest, Refinancing and Insurance
You will indicate that you shared the mortgage with someone. See screenshot below.
Yes. You each can claim the amounts that you actually paid for mortgage interest and real estate taxes. If you spit the mortgage 50/50, you each can take one half of the expenses.
Select Federal Taxes Select Deductions and Credits Scroll down and select Show More at Your Home Select Start or Revisit at Mortgage Interest, Refinancing and Insurance
You will indicate that you shared the mortgage with someone. See screenshot below.
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