buying property on TD status

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shyboy
Posts: 22
Joined: Mon May 19, 2008 12:54 pm

buying property on TD status

Post by shyboy »

wife is buying the property on TD status.

We file tax return "married file jointly".

Just want to make sure my assumption that "the interest will still be deductible from my income".

Thanks,
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nelsona
Posts: 18677
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

You are filing jointly, thus income and expenses are joint as well.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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