Posted by Mike Stott on July 03, 2002 at 08:53:36:
Dave is correct. Ideally, you would want to send a change of address (signed by seller) to the lender when you take subject to. That way the Form 1098 (“Interest paid”) comes to you. If not and both of you claim the interest, you will at least have the cancelled checks to prove to the IRS you paid it.