2007-04-02 18:02:08 · 2 answers · asked by jrtcpa@sbcglobal.net 2 in Business & Finance ➔ Taxes ➔ United States
Anyone whose name is on the mortgage can take the deduction. You must be legally obligated for the payments to be able to claim the deduction. If 2 people are on the mortgage they can split the deduction any way they wish.
If the Form 1098 only lists the primary borrower's SSN (common practice) the primary borrower needs to attach a statement to their return listing the name and SSN of the co-borrower an the co-borrower needs to attach a statement to their return listing the name and SSN of the primary borrower.
2007-04-02 21:35:50 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 0⤋
1 person normally has thier social sec # on the mortgage. That is the 1. Can not alternate though may be able to share if written right.
2007-04-02 18:05:59 · answer #2 · answered by vegas_iwish 5 · 0⤊ 2⤋