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Level 1
February 27, 2021

Schedule A Mortgage and Real Estate Tax Deduction

  • February 27, 2021
  • 1 reply
  • 6 views

Father and Son own a house and split the Real Estate Taxes and Mortgage 50/50. Neither has enough deductions to exceed the Standard Deduction. Is it allowable that only one of them claims the entire interest and tax deduction in order to exceed the Standard Deduction?

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1 reply

Level 15
February 27, 2021

Each can only claim the amount they actually pay.