Splitting Mortgage Interest w/ Partner for Form 1098
My partner and I purchased a property in 2025 and are trying to split everything evenly. Both our names are on the 1098 but only my SSN is on it. I understand that we can both claim half the interest so does that mean we split the value in Box 1 (Mortgage interest received from payer/borrower), Box 2 (Outstanding mortgage principal), and Box 6 (Points paid on purchase of principal residence)?
When my partner is filing her taxes using the section "Your Form 1098 Issued to Another Person", there is no area for her to put her half of Box 6 (Points paid on purchase of principal residence). Does that mean I should just claim all of it?
Additionally, would we also split the "Loan balance as of January 1, 2026" which would in turn also split the "Average Mortgage Balance"?
Answers
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Hi clrk,
Yes, you may split the value in Box 1, and Box 6 of the Form 1098. Do not split the outstanding balance in box 2, since you both are subject to the limitation.
If you partner name is on the 1098 and title, then use the regular 1098, not the Other section.
Again, you may not split the loan balance. The full balance must be applied to both of you so limits may be applied.0 -
To clarify, we will both be filing the 1098 form as our own despite her SSN not being on it and mine is. She does not have to use the "Your Form 1098 Issued to Another Person".
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Yes, that is correct. Report the 1098 on both returns and split Box 1 and Box 6.
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