In an opinion issued on August 7, 2015 the 9th Circuit Court of Appeals reversed a decision of the Tax Court and ruled that each person (including unmarried couples filing separate returns) can claim a home mortgage interest deduction.
Most divorce cases settle. They don’t go to trial. A common approach to settlement is bit by bit. The parties obtain temporary orders on child support and child custody, then work on the division of their community property assets.
The nature of property, that is whether it is community property, separate property or a mix of the two (which is known as commingled property) can be one of the most complicated matters in a divorce. I receive the question below a lot.
If the money in the joint account was acquired during the marriage, it is generally community property (unless there is a prenuptial agreement to the contrary). The characterization of the money does not change based upon the date of withdrawal.