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purchased coop during the year, in 1098 box 2 should I enter my share of the coop's mortgage debt as of my purchase date?
I purchased a coop in April 2019, received 1098 from my coop which told me the corporation's outstanding mortgage principal on a per share basis as of Jan 01, 2019. My question is what should I enter in box 2 on TT:
- my share of the coop's outstanding mortgage as of Jan 01 2019
or
- my share of the coop's outstanding mortgage as of April 2019 when I bought the place?
if the latter, I don't actually know the outstanding balance for the coop's mortgage as of April. What should I put in box 2 in that case?
Thanks in advance.
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March 29, 2020
10:34 PM