2044794
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jkassnel
New Member

My girlfriend and I are on the deed but she is the only one on the mortgage. We split 50/50. Can I claim 50% of mortgage interest as well as property taxes?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
skypilot1992
Returning Member

My girlfriend and I are on the deed but she is the only one on the mortgage. We split 50/50. Can I claim 50% of mortgage interest as well as property taxes?

How is the lending institution report going to read? Normally she would be the sole name listed and her SocSec number which is what the IRS receives.  That complicates the answer that you are probably seeking.  

 

The safe way is for her to take the benefit and you two agree how to handle the benefit in proportion to how you two divide the payments.

 

If I were in your position, I and the other would see a tax attorney mortgage..money well invested. 

 

She is essentially the only one eligible for the tax benefit as the lender's report only lists her social security number.

 

My girlfriend and I are on the deed but she is the only one on the mortgage. We split 50/50. Can I claim 50% of mortgage interest as well as property taxes?

since you are a legal owner of the real estate the IRS allows a deduction for the mortgage interest even though you are not directly liable for the debt. however, there are rules. Mortgage payments and taxes paid from a joint account with two equal owners are presumed to be paid equally by each account owner (absence evidence to the contrary). However, if payments are made from separate funds, each taxpayer is entitled to deduct all the interest and taxes they pay with their separate funds (CCA 201451027).   

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question