You'll need to sign in or create an account to connect with an expert.
It depends.
Since both of your names are on the 1098, you will be able to include this information on either you or your fiancé's federal income tax return.
A person can deduct mortgage interest as long as your name is on the title or deed and you actually paid this interest during the year. So if you both pay half the mortgage each month, then you can include half of the mortgage interest on each tax return. If the funds are paid through a joint account then you can choose who takes the deductions (as long as the total adds up to the total being reported on your Form 1098) or allocate the amounts how you deem appropriate.
If you live in a community property state (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, or Wisconsin), you will want to divide the 1098 deductions 50/50.)
It depends.
Since both of your names are on the 1098, you will be able to include this information on either you or your fiancé's federal income tax return.
A person can deduct mortgage interest as long as your name is on the title or deed and you actually paid this interest during the year. So if you both pay half the mortgage each month, then you can include half of the mortgage interest on each tax return. If the funds are paid through a joint account then you can choose who takes the deductions (as long as the total adds up to the total being reported on your Form 1098) or allocate the amounts how you deem appropriate.
If you live in a community property state (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, or Wisconsin), you will want to divide the 1098 deductions 50/50.)
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
bunbaker25
New Member
obeteta
New Member
nwhaley87
New Member
jacksontate12345
New Member
jord775021
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.