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Shroggie
Don't Worry...Be Happy
Member since 5/06 6261 total posts
Name:
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Anyone buy their home with DH/DW before being married?
If so, when it came time to file taxes, did you both deduct a percentage of interest and property tax or did one of you deduct all?
We bought in 2011 and are getting married this year. I'm curious as to how we should be splitting it. I have always done my own taxes, but I'm pretty sure I'll be needing some help this time around since it's a little more complicated.
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Posted 1/10/12 9:01 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Serendipity
Summer!
Member since 4/07 7631 total posts
Name:
PrayingWishingHopingALOT
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Re: Anyone buy their home with DH/DW before being married?
We did. We bought in 2004 and got married in 2006. I forget how we did it though. I believe one of us claimed the house.
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| Posted 1/10/12 10:04 PM |
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maybesoon
LIF Adult
Member since 9/09 5981 total posts
Name:
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Re: Anyone buy their home with DH/DW before being married?
Yes, my accountant figured out how we would get the most cash back.
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| Posted 1/10/12 10:55 PM |
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MsSissy
xoxoxo
Member since 3/07 39159 total posts
Name:
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Re: Anyone buy their home with DH/DW before being married?
Posted by Serendipity
We did. We bought in 2004 and got married in 2006. I forget how we did it though. I believe one of us claimed the house.
Same here.
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| Posted 1/10/12 10:58 PM |
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Dulcinea
Weekend Warrior
Member since 3/08 2530 total posts
Name:
Dulcinea
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Re: Anyone buy their home with DH/DW before being married?
DH and I did, and I think we split the cost.
If that doesn't work for you, you can always have whoever put more towards the house or whoever can get the most out of the claim file.
Message edited 1/10/2012 11:08:07 PM.
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| Posted 1/10/12 11:06 PM |
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BeachGal
LIF Adult
Member since 2/10 2827 total posts
Name:
J
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Re: Anyone buy their home with DH/DW before being married?
Posted by maybesoon
Yes, my accountant figured out how we would get the most cash back.
Same here. We were married the next year though.
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| Posted 1/11/12 7:56 AM |
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TheDivineMrsM
2 girls 4 me!
Member since 8/08 7878 total posts
Name:
Mama mama mama....
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Re: Anyone buy their home with DH/DW before being married?
Posted by maybesoon
Yes, my accountant figured out how we would get the most cash back.
Same here.
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| Posted 1/11/12 8:01 AM |
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Melmel821
Love being a mom!
Member since 5/08 2776 total posts
Name:
Melanie
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Re: Anyone buy their home with DH/DW before being married?
My friends did. Get good accountant recommendations because he /she can figure out whats best for you.
Once we got married we started using an accountant. A good accountat will get you every last penny owed back to you. I'm not just talking about real estate taxes. We deducted uniforms and laundry care among other things.
Message edited 1/11/2012 9:17:20 AM.
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| Posted 1/11/12 9:14 AM |
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Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
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Re: Anyone buy their home with DH/DW before being married?
We bought our house in 2005 & got married 2006. Dh claimed all the house bc it entitled us to more back.
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| Posted 1/11/12 9:34 AM |
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cantbelieveit
Love these kids!
Member since 10/05 4708 total posts
Name:
Tammy
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Re: Anyone buy their home with DH/DW before being married?
Well the house is in DH's name because we were looking at this house as a business investment and not our forever home. We bought the house in 2004 and got married in 2007. He would have claimed it anyway because it was more bennefical for him to.
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| Posted 1/11/12 10:38 AM |
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Mill188
LIF Adult
Member since 3/09 3073 total posts
Name:
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Re: Anyone buy their home with DH/DW before being married?
We owned the house for 2 months before we were married. Our accountant always does our taxes two ways: married filing jointly and married filing separately. Every year it works out better for us to file married separately and then we let DH take all house deductions because this works out better too. I don't know why or how (that's why we pay an accountant  )
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| Posted 1/11/12 10:43 AM |
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caps612
In love with my little guys!!
Member since 8/10 5108 total posts
Name:
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Re: Anyone buy their home with DH/DW before being married?
The mortgage interested credits and real estate taxes were on my taxes only.
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| Posted 1/11/12 11:45 AM |
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APT910
Let It Be
Member since 2/11 5021 total posts
Name:
Ashley
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Re: Anyone buy their home with DH/DW before being married?
We bought our co-op a year before we were married. My dad is our accountant, he had DH claim it because it gave us the most money back in our refund.
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| Posted 1/11/12 11:55 AM |
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Shroggie
Don't Worry...Be Happy
Member since 5/06 6261 total posts
Name:
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Re: Anyone buy their home with DH/DW before being married?
Ok...it looks like i'll have to wait for his accountant to look at them. He takes forever!!
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| Posted 1/11/12 1:21 PM |
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caps612
In love with my little guys!!
Member since 8/10 5108 total posts
Name:
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Re: Anyone buy their home with DH/DW before being married?
Posted by Shroggie
Ok...it looks like i'll have to wait for his accountant to look at them. He takes forever!!
see who has the most other items to add to their itemized deductions (student loan interest, charitable contributions, etc.) and who has the AGI... that's probably where it should go.
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| Posted 1/11/12 3:37 PM |
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Shroggie
Don't Worry...Be Happy
Member since 5/06 6261 total posts
Name:
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Re: Anyone buy their home with DH/DW before being married?
Posted by caps612
Posted by Shroggie
Ok...it looks like i'll have to wait for his accountant to look at them. He takes forever!!
see who has the most other items to add to their itemized deductions (student loan interest, charitable contributions, etc.) and who has the AGI... that's probably where it should go.
Thanks 
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| Posted 1/11/12 4:28 PM |
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CunningOne
***
Member since 5/05 26975 total posts
Name:
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Re: Anyone buy their home with DH/DW before being married?
We bought in 2000 and got married in 2002. Is it sad to say I don't even remember.....
Message edited 1/11/2012 8:16:04 PM.
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| Posted 1/11/12 8:15 PM |
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