The person making the most money is listed as the second person on the 1098 form. Can the other person take the standard deduction?
You'll need to sign in or create an account to connect with an expert.
You can only deduct the amount of mortgage interest that you actually paid, so you should split the deduction in the same way that you split the payments.
Please review these guidelines as well to report the amounts correctly:
You can only deduct the amount of mortgage interest that you actually paid, so you should split the deduction in the same way that you split the payments.
Please review these guidelines as well to report the amounts correctly:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
DBecton
Level 2
D7knight2
Level 2
D7knight2
Level 2
bozlo
Level 2
NJ_Devils
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.