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Financial Planning / Tax Strategies


Subject:  Re: Question Re: Mortgage Interest Deduction Date:  2/9/2001  2:15 PM
Author:  irasmilo Number:  46052 of 123001

Not necessarily. First problem -- you're not married.

Who's name is on the mortgage. If only one of you, then only that person can consider taking the deduction.

If both of your names are on the mortgage, then the person who paid the interest gets the dedcution. You don't both get $18,000 in interest deduc