Mortgage Interest

Forum|Forum|4 years ago
January 26, 2022
1 reply
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Hello my partner and I are not married but are both on the mortgage for our home. This is the first year we paid interest and we plan to file separately. How do we know who should claim the house? Should we both claim it?

DianeW777

Level 15

There is clear language on who is allowed to deduct the mortgage interest when a home is jointly owned. Retain the records showing how it was paid and for showing the joint payments. A bank record would suffice for payments and deposits of the co-owner. I

The 1098 has multiple names and multiple people are paying the mortgage/interest:
- Each can deduct their portion of interest paid. When entering the 1098 only enter the amount that you actually paid, not the full amount.
For more details about how deductions for a jointly owned property are allowed to be used on each owner's return.
- How do I deduct mortgage interest if I co-owned the home?
- IRS Publication 936
Please update if you have more questions.