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QUESTION DETAIL
Related User
Votes
Who claims the mortgage interest when two people are on the mortgage?
ANSWER
The BIDaWIZ Team's Answer:
Either person may claim the mtg. interest expense.
The parties may also divide the deduction; as they so
elect. If the parties dispute who claims the deduction,
it will be allocated to the person who bears the "benefits
& burdens" of ownership of the property that the loan accrues from
