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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
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- Re: Schedule A Mortgage and Real Estate Tax Deduction
Schedule A Mortgage and Real Estate Tax Deduction
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stephanierooney
Level 1
02-27-2021
11:04 AM
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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 Comment 1
TaxGuyBill
Level 15
02-27-2021
11:08 AM
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Each can only claim the amount they actually pay.
