I got divorced in June 2006 and had a house that both my ex and I paid mortgage interest on. My ex bought me out of the house. Am I entitled to deduct part of the mortgage interest I paid from January to June 2006?
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I got divorced in June 2006 and had a house that both my ex and I paid mortgage interest on. My ex bought me out of the house. Am I entitled to deduct part of the mortgage interest I paid from January to June 2006?
Yes, you are. However, it might be better to let HIM claim it all and just get a cash payment from him. Otherwise, NEITHER of you may have enough itemized deductions to qualify.
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