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April 10, 2025
Question

Mortgage interest

  • April 10, 2025
  • 2 replies
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When MFS, does the amount of points paid and taxes paid on the statement need to be split equally between both individuals?

    2 replies

    Employee
    April 10, 2025
    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    April 10, 2025

    You and your spouse can choose to split the interest and taxes paid however you wish. Or one of the spouses can take all of the deduction.

     

    If you're in a community property state, generally it would be split evenly.