Tuesday, December 22, 2009

Can mortgage interest paid by spouses be split if they are now divorced?

We (husband and wife) sold our house in January 2007. We used to file a joint return.Through escrow, there was $2,087.94 in mortgage interest paid. We always filed jointly, but since we divorced mid-2007, we will fill single.


Can the mortgage interest be split 50/50?Can mortgage interest paid by spouses be split if they are now divorced?
Yes, it is the same as having a business partner. You may be divorced but after the divorce you were partners in the property. When you receive the 1099 from the bank just make a copy for you ex-spouse so they have documentation for their filing and you are good to go to deduct 50% each. Good Luck!Can mortgage interest paid by spouses be split if they are now divorced?
Sure it can be split.

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