If I pay part of a mortgage with my domestic partner, can I deduct my part in "interest paid" on my 2006 tax?

Answer 1

My answer to same question posted last week: http://answers.yahoo.com/question/index;_ylt=Ag0Ilq6DRxIjwS.SWzo78_Xsy6IX?qid=20061123211804AALcnuK

Answer 2

the guideline of regulation is that this: very own loan pastime on a qualified very own place of abode is deductible by the guy who will pay the pastime rate. subsequently in case you're making a million/3 of the interior maximum loan money, and you reside contained in the place of abode, then you certainly get a million/3 of the pastime rate and your better half gets the different 2/3s. The rights of the deduction won't be able to be assigned previous this physique of innovations. that's different than the actual sources taxes asessed on the valuables. actual sources taxes, by statute, are the criminal duty of the guy(s) listed basically the call of the valuables, and are deductible basically by those listed on the call. the main outstanding of the deduction won't be able to be transferred. You used the word "family better half". i anticipate you have registered this with the State of California. in case you have, bear in mind that at the same time as your submitting status for the IRS is 'single' or 'head of better half and young toddlers', that a clean regulation went into result for 2006 for registered family companions in California. Your submitting status to your California return could be 'married-submitting joint' or 'married-submitting seperate'. that's no longer non-obligatory, besides the fact that it leads to a different California submitting status than the IRS return.

Answer 3

See Publication 936 @ www.irs.gov It's for 2006, but most likely the rule will be the same...