Divorce & Mortgage Payoff

Forum|Forum|7 years ago
February 16, 2019
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Hoping someone can help me. My husband and I divorced in November 2018, and we sold our home in September. For taxes, we are both confused on what to do. The mortgage loan was in both of our names. We made $0 on the sale and owed a bunch at closing. Our 1098 form has both of our names on it, but it is his social security number. Who is supposed to put the home on their taxes if we are filing separately? Do we both enter it or just him? We paid mortgage and taxes jointly for the year. We don't have anything in our divorce decree because we didn't think about it since the house was sold. Our bad, so we just want to make sure we are doing the correct thing for the IRS. I don't need them auditing me again for any silly reason... Any help is appreciated!

NCPERSON1

suggest Each taking 50% of the deductions

Any chance either or both of you don’t Have enough to itemize and it becomes a moot point?

If ever audited, you have the closing statement proving you owned half the home and were entitled to half the deductions for the year