Do I have to include the outstanding loan balance of $30+ from the coop 1098 since this is not my personal loan but the coop's? However I am allowed to deduct the interest and taxes from this coop 1098. Or is this coop mortgage considered mine also? Just need to know the correct way of reporting this outstanding loan because if I add this coop loan to my loan balance, then I will go over the $750,000 interest limit deduction of my personal mortgage loan and cannot fully deduct all my interest I paid.
