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Author: Milo2 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: Home Mortgage Interest Deduction Date: 3/9/1999 3:14 PM
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At the time I was divorced in 1994, I co-owned a house with my ex-wife (we are both listed as owners on the deed and mortgage). Per our divorce decree, she was awarded exclusive use of the house and is responsible for paying the monthly mortgage payments. I, however, was specifically awarded the right to claim the mortgage interest as an itemized deduction on my tax return each year beginning in 1994. Does the IRS recognize this as a legitimate deduction?
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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 11997 of 121572
Subject: Re: Home Mortgage Interest Deduction Date: 3/11/1999 10:41 PM
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[[ At the time I was divorced in 1994, I co-owned a house with my ex-wife (we
are both listed as owners on the deed and mortgage). Per our divorce decree,
she was awarded exclusive use of the house and is responsible for paying the
monthly mortgage payments. I, however, was specifically awarded the right to
claim the mortgage interest as an itemized deduction on my tax return each year
beginning in 1994. Does the IRS recognize this as a legitimate deduction?]]

I would want to read the entire document, but it's a little goofy. If SHE is making the payments, but YOU are taking the deduction, things are a bit out of whack. Now, then, if you are paying alimony to your ex spouse, that changes everything.

I would suggest that you take the entire document to a qualified tax pro for a complete tax review and an opinion.

TMF Taxes
Roy

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