Comments on: Will both parties recieve a tax benefit from buying house, if you are not married? http://irslawyertax.com/will-both-parties-recieve-a-tax-benefit-from-buying-house-if-you-are-not-married.irs-tax IRS Lawyer Tax Fri, 30 Jul 2010 00:35:39 +0000 hourly 1 http://wordpress.org/?v=3.0 By: hooterville http://irslawyertax.com/will-both-parties-recieve-a-tax-benefit-from-buying-house-if-you-are-not-married.irs-tax/comment-page-1#comment-3627 hooterville Sun, 06 Dec 2009 17:05:08 +0000 http://irslawyertax.com/will-both-parties-recieve-a-tax-benefit-from-buying-house-if-you-are-not-married.irs-tax#comment-3627 Yes, if you both are on the mortgage and title. Yes, if you both are on the mortgage and title.

]]> By: ghouly05 http://irslawyertax.com/will-both-parties-recieve-a-tax-benefit-from-buying-house-if-you-are-not-married.irs-tax/comment-page-1#comment-3625 ghouly05 Sun, 06 Dec 2009 17:05:07 +0000 http://irslawyertax.com/will-both-parties-recieve-a-tax-benefit-from-buying-house-if-you-are-not-married.irs-tax#comment-3625 Only the one who actually pays gets the benefit on taxes, since you can't file jointly. Whosever name is on the mortgage and pays the mortgage will also get to claim the interest. If you are both on it, and both paying, you will have to talk to a tax expert. Whoever pays the taxes gets that benefit. You might be paying the mortgage, and he might be paying the taxes so you would both benefit. Only the one who actually pays gets the benefit on taxes, since you can’t file jointly. Whosever name is on the mortgage and pays the mortgage will also get to claim the interest. If you are both on it, and both paying, you will have to talk to a tax expert.

Whoever pays the taxes gets that benefit. You might be paying the mortgage, and he might be paying the taxes so you would both benefit.

]]> By: Edward N http://irslawyertax.com/will-both-parties-recieve-a-tax-benefit-from-buying-house-if-you-are-not-married.irs-tax/comment-page-1#comment-3626 Edward N Sun, 06 Dec 2009 17:05:07 +0000 http://irslawyertax.com/will-both-parties-recieve-a-tax-benefit-from-buying-house-if-you-are-not-married.irs-tax#comment-3626 One of you has to assign 1/2 the benefit to the other. It would also help if each of you made out a check for 1/2 of the taxes and interest. Not necessary though. A written statement to the other party will suffice. One of you has to assign 1/2 the benefit to the other. It would also help if each of you made out a check for 1/2 of the taxes and interest. Not necessary though. A written statement to the other party will suffice.

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