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We own a house together but only one of us is claiming the house. What do we put for the co-owner statement if only one of us is claiming it?

 
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1 Reply
IsabellaG
Employee Tax Expert

We own a house together but only one of us is claiming the house. What do we put for the co-owner statement if only one of us is claiming it?

The statement in that section is: I co-own this loan with someone and only pay a portion of it. You can only deduct what you actually pay. The person who is claiming the deduction would check the box and proceed with the questions. The information for the co-owner must be entered. If they only paid part of the mortgage they would report only their share of the interest. If they paid all of it, they can enter the entire amount.

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