I may have a solution to this problem. Why don't I not include the outstanding loan balance in Turbo tax for the coop loan since it is not my personal loan but the coop's loan but I can still deduct the interest on the loan since I paid it. Then my only loan outstanding will be my personal mortgage loan of $750,000 which will be right at the limit for full interest deduction.
Wouldn't this be a correct solution?
