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space7dog
New Member

Can I deduct 100% of mortgage interest if I own with one other person, instead of splitting 50/50?

My partner and I bought a house this year and are both on the mortgage. We are not married. Can one of us deduct 100% of the mortgage interest, instead of each of us claiming half? Splitting in half ($3279 each) is not enough for either of us when itemizing to go over the standard deduction.

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Texas Roger
Level 15

Can I deduct 100% of mortgage interest if I own with one other person, instead of splitting 50/50?

You can deduct what each of you actually paid. If you paid the mortgage from pooled funds, you can split the deduction however you want to.

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1 Reply
Texas Roger
Level 15

Can I deduct 100% of mortgage interest if I own with one other person, instead of splitting 50/50?

You can deduct what each of you actually paid. If you paid the mortgage from pooled funds, you can split the deduction however you want to.

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