Solved: Can one person report property taxes, mortgage interest 100% and other do not report at all?Thank you.
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New Member

Can one person report property taxes, mortgage interest 100% and other do not report at all?Thank you.

Purchase a first home with sibling jointly last year. Can one person get 100% deduction and other report 0% deduction?

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Level 7

Can one person report property taxes, mortgage interest 100% and other do not report at all?Thank you.

To deduct mortgage interest and property taxes you must meet two conditions:

1.   You must be legally obligated to pay the mortgage and/or property tax.

2.   You must actually pay it

If you hold title to the property, you satisfy the first requirement

So, you should each deduct whatever mortgage interest and property tax yopu pad in 2017.


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3 Replies
Level 7

Can one person report property taxes, mortgage interest 100% and other do not report at all?Thank you.

To deduct mortgage interest and property taxes you must meet two conditions:

1.   You must be legally obligated to pay the mortgage and/or property tax.

2.   You must actually pay it

If you hold title to the property, you satisfy the first requirement

So, you should each deduct whatever mortgage interest and property tax yopu pad in 2017.


View solution in original post

New Member

Can one person report property taxes, mortgage interest 100% and other do not report at all?Thank you.

Fulfill both requirements. Thank you and very helpful!
Level 7

Can one person report property taxes, mortgage interest 100% and other do not report at all?Thank you.

Your welcomed, thanks for choosing TurboTax!
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