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Jointly Owned Property

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Jointly Owned Property
Property held in the name of more than one person.


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She asks in her motion that the court require Haynesworth to make payments on her credit card and on jointly owned property.
If a spouse or former spouse files a separate return and one, but not the other, is granted use of jointly owned property, the interest payor can deduct interest payments even if it is no longer his or her principal residence-but only if the arrangement is pursuant to a divorce or separation instrument.
 
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