Claiming mortgage interest after divorce?
Divorce was final on 12-13-07 but mediation agreement was signed and binding in August 07. We owned two houses and both are still in our name. The mediation agreement gives one house to me and one to her. We are in the process of refinancing and doing the quick claim deeds. I moved out in Feb 07 but none of the finances were separated until Aug 07 after the mediation agreement. I basically paid 90% of the bills up until Aug. Who and how much mortgage interest can each of us claim on taxes for the two homes and a home equity loan? BTW..this is for reference only, a tax professional will do the taxes.