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Thanks for the prompt replies. I was under the impression that the person on the loan documents is the one who can claim the deductions. Since the title is only under 1 name I'll try and remove the other from the loan when refinancing.

If a loan is under 2 names (husband and wife) how is deductibility for tax purposes treated? Is it apportioned 50:50? Next lets say they refinance. Can they refinance to a new bank and have the loan only under one name (say the wifes name only)? or do they need to keep it as a joint loan...