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When Married filing separately and itemizing, do both spouses deduct mortgage interest and real estate taxe?
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When Married filing separately and itemizing, do both spouses deduct mortgage interest and real estate taxe?
You pretty much have a choice. One can claim it all or you can split it. It's usually best if only one (the higher income spouse) claims it
You have to meet the rules, which are:
1. You are legally obligated to pay it
2. You actually pay it. Paying from a joint account where you made sufficient deposits to cover the payments will usually meet this standard.
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When Married filing separately and itemizing, do both spouses deduct mortgage interest and real estate taxe?
You pretty much have a choice. One can claim it all or you can split it. It's usually best if only one (the higher income spouse) claims it
You have to meet the rules, which are:
1. You are legally obligated to pay it
2. You actually pay it. Paying from a joint account where you made sufficient deposits to cover the payments will usually meet this standard.
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