The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/johanne-i-found-that-yesterday-myself-i-also-18659512.aspx

Subject:  Re: Splitting or Keeping Mortgage int deductible Date:  2/27/2003  1:29 PM
Author:  ShadoRydr Number:  64131 of 133503

Johanne,

I found that yesterday myself. I also asked the Controller here where I work (she worked for HR block and had a tax prep service of her own up until 2 years ago) about this. She said that there should be no problem in having one person or the other take the deduction. She did say that if the 1098 came in both names, to make things clean, a form should be attached to the return listing the other parties name, address and SS number to indicate that the mortgage, and liability for it, is joint. She said the form is especially necessary, when only one of us receives a 1098 and the deduction is being split.


Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us