in [Event] MetLife & TurboTax Present: the Ask us Anything Forum
You'll need to sign in or create an account to connect with an expert.
TurboTax is just asking if you are a homeowner so it can prompt you to enter mortgage interest and property taxes. If you don't have those deductions, say no.
Yes I understand that, but being separated who claims the intetest?
If one individual paid the interest then that person can claim the interest. If two individuals paid the interest then they can claim the amount that they each paid. Interest can only be deducted if you itemize your deductions on Schedule A. If you take the standard deduction then you can not claim the interest you paid.
The standard deductions for 2019 are.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Isahid
Level 1
in [Event] MetLife & TurboTax Present: the Ask us Anything Forum
user17689288490
Level 1
in [Event] MetLife & TurboTax Present: the Ask us Anything Forum
Martinmayer
Level 2
Madeniyi
Level 1
presently999
New Member