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how to file interest, property tax when filing separately

I am planning to file separately for my wife and I. This is my first time filing separately. How do I file:

  1. Interest? Accounts is in my name. Some accounts are in both names but the 1099-INT only has my name. Can I split these interests between my wife and I? If yes, how do I report them on the tax form?

  1. Property tax and interest. These accounts are in both of our names. Can I split these interests between my wife and I? If yes, how do I report them on the tax form?

Are there publications for the IRS itself where I can read more on this?

Thanks in advance for your help.

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Reply to
StillWater2000
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If the investment account is in one name, that individual reports the earnings on their return.Earnings on a joint account is considered to be received equally by the spouses (1/2 each) unless one spouse can show otherwise. If both spouses are legally responsible for the mortgage and property taxes then each spouse can deduct the amount they paid. If the taxes and mortgage interest were paid from a joint account that both spouses contribute to, both spouses are considered to have paid equal amounts.

Reply to
brownie

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