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One Response to “What Is The Difference Between A First A Second Borrower On A Mortgage Loan (regarding Tax)?”
Assuming that both people are on title to the residence, who ever writes the check gets to take the deduction. If you are ever audited on mortgage interest, the IRS will want to see checks to support the interest deduction.
Jim Kirby, CPA/PFS, CFP, CFS
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Assuming that both people are on title to the residence, who ever writes the check gets to take the deduction. If you are ever audited on mortgage interest, the IRS will want to see checks to support the interest deduction.
Jim Kirby, CPA/PFS, CFP, CFS