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When claiming the mortgage interest deduction, are we supposed to claim 100% or only 50% on tax returns?

April 26, 2017claim claiming deduction mortgage tax returns

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When claiming the mortgage interest deduction, are we supposed to claim 100% or only 50% on tax returns?

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Answer Hi, You split the mortgage interest and real estate tax according to the size of each unit. If they’re both the same size, you claim half on Schedule E and half on Schedule A. Square footage is the easiest and most accurate way to determine the percentage for each unit.