Mortgage interest - who can write it off?
My girlfriend and I are planning on buying a house together. For various reasons, I will get the mortgage in my name only. Then at the closing table, I would like to either quitclaim half of it to my girlfriend, or put the title in both of our names.
My question is this - when it comes to tax time, will we be able to split the mortgage interest (and closing expenses) for the house?
Who exactly can take the write offs? I know that I will be able to, but can I share them with her? She is putting up half the money for everything - deposit, mortgage, etc.).
Thanks in advance!