1098 interest

[quicksam]

Clients divorced and have both been paying the mortgage until the house sales.
They are splitting the mortgage interest. The 1098 is in my clients name so do we need to nominee interest her so she can claim her half of the interest.

Thanks

[Roland Slugg]

Dear quicksam

No. H should give W a statement showing the amount reported on the 1098 form, the portion he is going to deduct on his return ... presumably 50% ... and the portion she may deduct on her return. An easy way to do this would be to furnish a copy of F-1098, but advising W to report her share of the interest paid on Schedule A, line 11, not on line 10.