You claim the amount YOU actually paid. Unmarried couples claiming mortgage interest. You pretty much have a choice. One can claim it all or you can split it. It's usually best if only one claims it, allowing the other to use the standard deduction.But, you have to meet the rules, which are:You are legally obligated to pay itYou actually pay it. Paying from a joint account where you made sufficient deposits to cover the payments will usually meet this standard. However. paying from your own account would be a stronger audit defense.

Employee

Question

How do you calculate your portion of interest paid on your 1098 if you share the loan with someone?

Forum|Forum|6 years ago
February 20, 2020
1 reply
0 views

No text available

TurboTax Free Edition Online

Hal_Al

Employee

You claim the amount YOU actually paid.

Unmarried couples claiming mortgage interest.

You pretty much have a choice. One can claim it all or you can split it. It's usually best if only one claims it, allowing the other to use the standard deduction.

But, you have to meet the rules, which are:

You are legally obligated to pay it
You actually pay it. Paying from a joint account where you made sufficient deposits to cover the payments will usually meet this standard. However. paying from your own account would be a stronger audit defense.