Married Filing Separately - Q on 1098 reporting

Forum|Forum|11 months ago
April 12, 2025
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We are filing "Married filing separately" (no children/few other deductions). We are splitting 1098 information for all boxes. But, there is a box titled ""the interest amount I entered is different than on my 1098" in TT. Should this be checked since each of us is reporting 1/2 of the amounts and therefore it is NOT equal separately to the balance on the 1098?

MonikaK1

Yes, check the box to indicate that the amount you are entering is different than what is on your 1098. Generally, the person paying the expense gets to take the deduction. In your situation, each of you can only claim the interest that you actually paid.

As indicated by TurboTax, only enter the amounts that you are liable for. If everything is split evenly, only report half the mortgage interest, outstanding mortgage principal, mortgage insurance premiums, and property taxes.

See this IRS FAQ for more information.

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