The apartment I own is part of a co-op, and every year I receive a 1098 to deduct my share of the interest that is paid on the mortgage carried by the building as a whole. There are two issues I'm experiencing in TurboTax related to this 1098 that I need to be addressed:
- When asked "Is this the original loan you took out to purchase this property?", I'm unsure about how to respond. I know the HOA refinanced the mortgage in 2012, but if I click No, neither of the responses that follow seem to be accurate (because I didn't do the refinancing, and it's not a HELOC). How should I respond to this question?
- Smart Check generates an error due to the ending mortgage balance field being left blank. The 1098 does not contain this information, only a figure for the outstanding principal at the start of the year. I contacted my building's property manager and requested this information, but if he is unable to provide it, what do I do?
