albert (alby) wrote in tax_prep,

Married, two houses and two mortages

We got married in October 2009. I own a house and a mortgage, both of them only on my name. My wife also owns a house and a mortgage in her name only. These have been our primary residences.

Right now, after the marriage, she lives in her house 5 days a week until we can sell it and she can find a job where I live, about 100 miles away.

We make about the same amount of money. We are thinking of filing our taxes as married but filing separately, so we can take advantage of the mortgage deduction for each one of us.

Does this make sense? Is there anything we should be aware doing it this way?
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