Hi Diane,
This is extremely helpful. As a follow-up I am in a similar situation. I'll lay the facts below.
1. I am the sole person on the loan, but other co-owner is on title.
2. We plan to file half of the 1098 int/taxes on each of our own Schedule E's.
Question (s)
1. Will both of us need to file the 1096 to elect the nominee status or just him?
2. Am I allowed to e-file like this with Turbotax, or will I need to paper file?
Thanks in Advance! I haven't been able to find much information on this.
