Hi There,
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. However, that is the issue since Im the only person on the 1098. Is this the correct way to do things? If so, how should we do this?
Question (s)
1. Will both of us need to file the 1096 to elect the nominee status or just him? How does this work exactly and is there an example form to follow for people in this similar circumstance?
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.
