[kandisjoy]

I recently received a Form 1098 for the mortgage interest and real estate taxes that were paid on the house my fiance and I bought this year. I pay the mortgage out of my checking account and he gives me a small portion of it every month (he’s a student). Both of our names are on the form, but we file our taxes seperately.

Does anyone know the rules when it comes to who can claim the deduction on their tax return? Can I claim the whole thing and he claim none, if that benefits us most? Or do we have to split it evenly?

Thanks in advance!

FAR: 71, 77
BEC: 70, 82
AUD: 62, 78
REG: 71, 68, 85

CA Licensed 11/2011

[SMUT_Co]

In the case of audit It will come down to who can prove they made the payment. If you make the payments every month from your account you should claim the entire amount. That will probably give you the greatest tax benefit since your fiance is still in school.

FAR: Done
REG: Done
AUD: Done
BEC: Done

[kandisjoy]

That's what I was hoping to hear! Thank you. 🙂

FAR: 71, 77
BEC: 70, 82
AUD: 62, 78
REG: 71, 68, 85

CA Licensed 11/2011

[Author]

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