split mortgage interest
Can person A take the entire mortgage interest deduction if he pays 50% and person B pays 50%?
Both own the house. Both are listed on the mortgage. Person a is listed on the 1098.
Taking 50% each does not put either of them over the standard allowance.
Person B has a child and will claim HH. Person A will benefit if he takes 100%.
The mortgage & all household bills are paid from a joint checking account they both contribute 50%.
IRS rule is not clear. But I think it's simular to a married couple filing seperate.