Welcome Guest. Register Now!  



Find a tax professional cpa near you

View Single Post
  #2 (permalink)  
Old 03-13-2008, 11:04 PM
TaxGuru's Avatar
TaxGuru TaxGuru is offline
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 1,671
Blog Entries: 3
Mortgage Interest Deductions - Married Filing Separate

Generally speaking there should not be any problems as the Spouse is making the mortgage deductions.

I would also a attach a note stating that you have given consent to your spouse to claim 100% of the mortgage interest on her tax return.

But, please be aware of the negative consequences of filing married filing separate on the tax return. At times the impact may have more negative consequences than desired.

Please review the following link below to determine if you might be affected advsersely in selecting this method of filing.

Are there any negative consequences of filing married filing separate?
__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.
Reply With Quote
 
» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 
Financial Planning