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CPA Question on Taxes - Shared Home Ownership
This is a question for a friend of mine.
My friend and his girlfriend bought a house together last year. Who takes the interest/prop tax deduction?
I recommended that he do each other's taxes with & without the deduction and see which way (combined) produces the best result. I'm not sure if you can divide the 1099's in half for each of them.
The other option would be to get married.....good grief.
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