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My fiancée and I are not married, but in 2017 we bought a house together. To maximize our deduction who should enter the house/interest on their tax return?
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My fiancée and I are not married, but in 2017 we bought a house together. To maximize our deduction who should enter the house/interest on their tax return?
You each enter what you actually paid yourself.
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My fiancée and I are not married, but in 2017 we bought a house together. To maximize our deduction who should enter the house/interest on their tax return?
If you itemize the one with the higher AGI should take the deduction normally, but you can try it both ways to see what is better for your particular tax situation.
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