I just bought a house with my fiancee. The mortgage is in both our names. Should we file as tenants in common or individually?
Should we have gotten married before Dec. 2007?
Tracy L. Coenen is WalletPop's Tax Expert and Fraud Expert
There is no filing status of tenants in common. If you were unmarried as of December 31, 2007, then you must file as single (or head of household if you have dependents and qualify). You should each deduct your portion of the interest paid on your individual tax returns. Details on doing this are found on this page, about 1/2 way down, under "More than one borrower."
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