Does anyone know how to complete the 1098 section (home loan interest) if you are a co-borrower on a loan?
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1 Best answer
PaulaM
Employee Tax Expert
Jun 3, 2019 1:38:19 PM
Each borrower would complete the section for their 1/2 share or whatever ratio that you paid. Select the radio button ' I co-own this loan with someone'. Then continue to enter your share of the interest.
The same concept would apply for the property taxes as well. You each deduct what you pay.
Each borrower would complete the section for their 1/2 share or whatever ratio that you paid. Select the radio button ' I co-own this loan with someone'. Then continue to enter your share of the interest.
The same concept would apply for the property taxes as well. You each deduct what you pay.