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-   -   Claiming the interest from a home purchase (https://www.askmehelpdesk.com/showthread.php?t=179301)

  • Feb 1, 2008, 10:39 AM
    Basetip
    Claiming the interest from a home purchase
    If two unmarried people buy a house together, both names are on all the paperwork, can they divide the interest paid and both claim half on their Federal Income Taxes?

    Thanks in advance
    B
  • Feb 2, 2008, 12:19 AM
    AtlantaTaxExpert
    Yes, they can. However, BOTH must be obligated to pay the loan.
  • Feb 2, 2008, 03:29 AM
    MukatA
    Home loan interest is claimed on schedule A (Itemized deductions).
  • Feb 3, 2008, 04:54 PM
    AtlantaTaxExpert
    Agreed!

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