answersLogoWhite

0


Best Answer

First and foremost, only the person who actually paid the mortgage interest (from his/her own funds) may deduct any of it. Then, it depends on how the house is deeded. If you own it in joint tenancy with rights of survivorship with your fiance, the person who paid it may deduct it. If you split the payments, you may split the deduction in the same proportion as you paid it. If you own the house as tenants in common, each of you may deduct as much as you actually paid, but only to the extent of your ownership interest in the property -- probably 50%. That is, even if you paid 100% of the mortgage payments, you may deduct no more than half of the interest.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Your fiance and you just bought a house together you will not be married until 2009 How will you file the interest paid for 2008?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Who is Maggie Siff's fiance?

As of May 7, 2014, Maggie Siff does not have a fiance. She is married to Paul Ratliff and they have one daughter together.


Why don't my fiance listens to me?

As your fiance they may wish to retain that little bit if independence before they get married. You advice may not be acceptable to them. They have lost interest in you. Perhaps to talk far to much about yourself than you do about your fiance. Are you bossy or forceful in your communication. A relationship is share and share alike, each having their turn to express themselves. Dont hog all of the time spent together.


Does fiance now mean to most people living together?

No, it means that the couple have officially agreed to get married. If you live together you are boyfriend/girlfriend or partners.


Fiance was illegally married can he still be given k1 visa?

Illegally married? You mean the fiance was an "Illegal" when he married? If the fiance was married then the fiance's marriage must be legally concluded (divorced) before applying for a K-1. They also must exit the US to qualify for a K-1.


What is fiance girl or boy?

Either - the fiance is the partner of someone who is engaged to be married.


Does your fiance have to have a fiance visa to visit and get married in the US?

Yes provided your fiance has no other visa and not already in US. For marriage purpose, its important for your fiance to enter US with a fiance visa and also to get married within 90 days after entering US else she would have to return to home country.


What are my rights of live in fiance what are my rights of a live in fiance?

what would be any legal reason preventing my fiance and I from living together


What laws or anything that could prevent your fiance and you from living together legally?

Couples in Calgary can live together legally. They will have some rights, but not as many rights as married couples. No laws prevent it.


What do you call one engaged to be married?

It's either a fiance (man) or fiancee (woman).


Is toya and lilwayne still married?

no because Toyais getting married to her fiance


What do you give for a sister getting married?

Make a gift for her. Whether it's jewelry, a song, or a scrapbook. Give her something that reminds her of the good times you two had together, or the good times her and her fiance have had. I made a collage of pictures of her, her fiance and their dog and she loved it.


What do you call a man about to be married?

Betrothed, fiance, etc.