2. Retain the House and Take Turns Living There
There are cases where a family chooses to maintain the same house after the divorce. The
children would reside in the original home while the parents take turns to live with the
children.
In such cases, the parents agree to deduct and share the expenses such as property taxes and
mortgage interest between each other.
It is important to note that you can only deduct mortgage interest if you are obligated to pay
from a mortgage or you own the home.
What’s more?
Keeping the house and taking turns residing there; give the impression that you and your ex-
spouse are great parents because the kids are put first.