Tag Archives: duplex

New Mortgage

  Today TaxMama hears from John in the TaxQuips Forum with a sweet question. “We are re-financing a loan on a 2 flat. Our daughter, who lives in one unit, will be the primary borrower on the loan; my wife and I will be co-borrowers.  My wife and I will be making the entire mortgage payment.  May […]

2 Heads of Households

Today TaxMama hears from Nora in the Tax Quips Forum with a common situation. “Two single taxpayers decide to share a home (let’s say a rental) and each has qualifying children.  Each maintains their own family expenses and share equally the cost of household expenses.  Can each claim HOH status? If so, would claiming two […]