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Get your taxes done using TurboTax
The co-op or lender that issued the 1098 will need to give you those numbers.
According to the IRS:
“To figure how the limits discussed in Part II apply to you, treat your share of the cooperative's debt as debt incurred by you. The cooperative should determine your share of its grandfathered debt, and its home acquisition debt. (Your share of each of these types of debt is equal to the average balance of each debt multiplied by the fraction just given.) After your share of the average balance of each type of debt is determined, you include it with the average balance of that type of debt secured by your stock. “
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March 15, 2020
3:23 PM