Comments on: How can unmarried people report home mortgage interest paid jointly?

By: tro

tro — Sat, 06 Feb 2010 01:58:35 +0000

in whose SS# is the 1098 filed?

By: ronnlynn

ronnlynn — Thu, 04 Feb 2010 15:45:17 +0000

You can split it, but it may be more beneficial for one person to claim the whole thing (the primary person) and work out a deal with the other (i.e. pay more of the expenses for the upkeep, or pay money out of pocket to the other person).

By: Judy

Judy — Thu, 04 Feb 2010 01:00:23 +0000

You can split the total paid between your returns. You are supposed to split it by the proportion each of you actually paid.

The bank will report it all under the ss# of the primary person on the loan. If you are splitting it, you should include an explanation with your returns.