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My fiance and I bought home together (in both names) in May 2016. He paid the down payment and mortgage thus far, so he wants to claim full amt. How to enter each return?

 
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bwa
Alumni
Alumni

My fiance and I bought home together (in both names) in May 2016. He paid the down payment and mortgage thus far, so he wants to claim full amt. How to enter each return?

With joint ownership for unmarried individuals, each can only claim the portion of any expenses such as interest or real estate taxes that they pay.

If a Form 1098 is issued and does not include your social security number as the first borrower you need to indicate that in TurboTax. It permits you to state another individual received the Form 1098.


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1 Reply
bwa
Alumni
Alumni

My fiance and I bought home together (in both names) in May 2016. He paid the down payment and mortgage thus far, so he wants to claim full amt. How to enter each return?

With joint ownership for unmarried individuals, each can only claim the portion of any expenses such as interest or real estate taxes that they pay.

If a Form 1098 is issued and does not include your social security number as the first borrower you need to indicate that in TurboTax. It permits you to state another individual received the Form 1098.


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