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Old Aug 27, 2007, 08:31 PM
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Lemon Lemon is offline
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Member Since: Mar 2007
Location: USA
Posts: 349
I'm curious what other people have worked out with their ex-husbands/wives regarding tax deductions for the year that your divorce was finalized. I'm specifically thinking of real estate related items like mortgage interest from when you shared the home & mortgage payments. I'm going to be awarded the home in the divorce, but we haven't laid out yet anything about how deductions will be split. It will help my tax situation to get 100% of the deduction, but part of me feels like I should split the portion of the interest that was paid by us jointly 50/50 with my soon to be ex. Have other people split the deduction or is it always given 100% to one party or the other? The IRS publication on divorce isn't very helpful in this regard, so I'm curious what other people's experiences are prior to consulting with an expert.