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Generally mortgage interest expense is deductible and shared between joint owners.
If you are claiming the interest expense deduction than your partner will not get any tax benefit from the refund you receive. You can share the refund with him or both of you can claim half of the interest expense.
Pursuant to IRS Regulation Section 1.163-1(b) you are allowed to deduct otherwise deductible interest you pay on a loan secured by a mortgage on property you own even if your are not otherwise liable on the note.
Yes, that is correct. As I cited in my earlier post- as per Rev. Reg. you can each claim half of the interest that you paid on your tax return since the loan is secured by mortgage on the home that you both own.
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Yes, that is correct. You can also split and claim property taxed based on your joint ownership and amount paid.
Let me know if you have any question.
Please note: This advice is provided with the understanding that all the relevant facts have been provided by you. Any change in facts might affect the advice given and hence may not be relied on in such cases. Nothing contained in this reply was intended or written to be used, can be used by any taxpayer, or may be relied upon or used by any taxpayer for the purposes of avoiding penalties that may be imposed on the taxpayer under the Internal Revenue Code of 1986, as amended.