Discussion:Divorced, Co-owners, how to divide write-offs

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Discussion Forum Index --> Tax Questions --> Divorced, Co-owners, how to divide write-offs


Mailcar (talk|edits) said:

10 February 2007
I was divorced in mid-2006, filing as Head of Household with property still currently co-owned into 2007. My ex-wife is obligated to pay $1600 a month toward the bills (mortgage, utilities, 1 child's expenses, etc) and I make up the remainder each month (which is consistently the larger amount). At the sale of the home, I will be reimbursed the dispropotionate amount that I paid in (from the period of seperation in '05 to the eventual sale of the home). The question I have is for the interest deducations and property taxes for '06 (as example: I paid 75% of the bills each month), would I be allowed to itemize and deduct that same percentage ? (there is nothing that covers this situation in our divorce decree) Thank You, C.A.

Deback (talk|edits) said:

February 10, 2007
Sounds good to me. Deduct your share of the mortgage interest and property taxes using the same percentage that you split them.

Mailcar (talk|edits) said:

10 February 2007
Thanks for the response...to clarify further, her deposits were to a bank account, so not specifically ear-marked for any one expense but all bills, so the best that I can assume is by taking her total payments for '06 against my total payments for '06...and this is where I determine the percentage and apply equally to all expenses. Does that make sense ? Just don't want to end up with an IRS audit at the end !

Deback (talk|edits) said:

February 10, 2007
Yes, that's how you would calculate the percentage each paid. Divide her deposits by the total combined deposits and divide your deposits by the total combined deposits to calculate the percentage each contributed.

Mailcar (talk|edits) said:

10 February 2007
If for some reason, she thinks she's entitled to half (50%) and she files that percentage amount...would that be considered fraudulent and could I be in anyway held responsible ? (I have all of '06 in Quicken)

WesR (talk|edits) said:

10 February 2007
Hi hold on Deback didnt you all read that he will get reimbursed for the excess when the sale is done? Sounds like a "loan" from the wife to ex payable at the sale? How much of his excess is child support? Not so easy now to say 75/25. Malicar talk to a professional with all the details and bring the divorce document. bye

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