Posted on: 10th Feb, 2010 12:32 pm
When I got seperated from my ex I stayed in the marital home and payed the mortgage for a year and a half and kept up the house. I did not recieve any money from him. We agreed that I would move out and get a seperate place and he would keep the house and that year and a half. I paid the mortage last year through August. He paid Sept. thru Dec. Who is intitled to the tax credit on the mortgage interst for that year???
your lender is going to report interest paid based on whose social security number is listed as the primary borrower. that is, ostensibly, how it ought to be claimed on an income tax return. however, i don't believe either of you will find yourself in trouble if you each use the partial amounts based on the months you've each paid.
a tax advisor is a valuable resource, and would be able to better expound on this, and of course, the irs is always willing to assist with questions of this ilk.
a tax advisor is a valuable resource, and would be able to better expound on this, and of course, the irs is always willing to assist with questions of this ilk.