According to the IRS instructions for Form 1098, a cooperative housing corporation is an interest recipient and must file Form 1098 to report an amount received from its tenant-stockholders that repr...
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According to the IRS instructions for Form 1098, a cooperative housing corporation is an interest recipient and must file Form 1098 to report an amount received from its tenant-stockholders that represents the tenant-stockholders' proportionate share of interest described in section 216(a)(2). This rule applies only to tenant-stockholders who are individuals and from whom the cooperative has received at least $600 of interest during the year.
Unlike condo owners, co-op owners own shares in the corporation, allowing them to deduct these expenses on their personal tax returns.
To answer the questions in the Form 1098 section of TurboTax:
On the page "Do any of these situations apply?" choose "Our names are not on the 1098."
Enter the Coop Name and Address.
Enter your portion of the mortgage interest, adjusted for any patronage dividends if applicable.
Enter your portion of the outstanding mortgage principal (or estimated).
Enter the mortgage origination date (or the date you moved in).
It is the most recent version of Form 1098, it's not a refinance, and you've used it exclusively for your primary home (if that's the case).
Contact the issuer if you have any questions about the entries on the Form 1098.