Legal Question in Tax Law in Virginia

Morgage Credit..2 individuals
How is the credit for tax purposes broken down on a Morgage if there are 2 individuals that are responsible for the morgage that file individually?? (Me and GF buying a house.. but not married yet.. so we would both file individually next year).

Asked on 4/08/02, 3:46 pm

Thomas DeCaro DeCaro & Howell PC

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Re: Morgage Credit..2 individuals

Simple. The person who pays takes the deduction

for the interest, property tax or other

deductible item.

Answered on 4/08/02, 4:19 pm

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