Welcome Guest. Register Now!  


Itemized Deductions Schedule-A


 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 03-24-2011, 11:35 PM
Junior Member
 
Join Date: Mar 2011
Posts: 1
Mortgage Interest & Real Estate/School Taxes

My boyfriend and I own a home together - both names are on the deed and when we get our tax forms in the mail both our names are on it with both social security numbers. The last 2 years we got our taxes done (at H&R Block) they split the interest and taxes between us. However this year he said that it would be useless to split it as neither one of us would go over the allotted $5700. So I asked if one year I could claim the interest and taxes and then the next year he would. He said no. But now I am hearing different things.

I was told on H&R Block forum by one of their people that we could alternate years and I have seen on other sites that if you pay 50/50 then you have to split it 50/50. But if we are both OK with the other one taking it that year - wouldn't that be OK?

Unfortunately I am at work, and I am now wondering wtf happened with the last 2 years on our taxes - if we paid extra for itemization but still got the standard deduction - I will have to look it all over tomorrow.

Any information would be helpful.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Additional Standard Deduction for Real Estate Taxes Samatg Homeowner Tax 1 01-16-2015 01:33 AM
Additional Standard Deduction for Real Estate Taxes Samatg For 2009 5 04-01-2011 01:55 AM
Mortgage interest and real estate taxes paid on second property bought in 2010. kjhoch Itemized Deductions 3 03-20-2011 03:16 AM
MFS: mortgage in spouse's name; payments via joint account; mortgage interest / real estate deduction options ohjustbob Itemized Deductions 1 03-08-2011 01:08 AM
Mortgage Interest and Property Taxes Energy Trader Itemized Deductions 0 03-28-2010 05:01 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.