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Owned cooperative apartment (coop/co-op) for only part of the year
We sold our coop half way through the year but received the annual real estate tax and mortgage interest rate per share from the management company. Normally I multiply this rate by our shares to report our mortgage interest paid and real estate taxes but given we were only in the apartment 6 months of the year, does anyone know if I should take the rate x shares and then divided by 12 months to get a monthly amount and prorate it? I can’t find anything about this online.
March 26, 2023
7:41 AM