revising my question. an unmarried couple buy a house. and are both owners, is who claims the taxes?

Answer 1

This is a tax question, not an insurance question.

Assuming the ownership is split 50/50, they can each claim half the taxes, if they each PAY half the taxes. If one person pays all the taxes, then the portion of the taxes they paid on behalf of the other person is a GIFT.

It's really, really messy financially to own a house with someone you aren't married to. And if you think it's bad now, just wait until you break up, and neither of you wants to move out.

Answer 2

Already answered in the Tax area -- this is insurance. Here's a link: http://answers.yahoo.com/question/index;_ylt=ApSOlnojKlFMTpiq7pIFfAvty6IX?qid=20070722035228AAkBlf4&show=7#profile-info-cda7c75c9bf4519b47c8683802d94a30aa

Here's what I posted:

Either or both of you, as long as both of you are listed on the deed and mortgage.

The Form 1098 from the lender will only have one SSN on it. If you split the deduction for the mortgage interest that person will need to include a signed statement with their tax return listing the co-borrower's name and SSN and the amount of the interest that they'll claim. The other owner needs to include a similar statement with their return, listing the other borrower's details in the same manner