I received a 1098 from my coop - i already have a 1098 from the mortgage from my primary residence. I have a 1098 from the mortgage on the coop (it's a 2nd home not rental home). Can I also deduct the 1098 interest from the coop corporation?

bigmamakat914 · ‎June 4, 2019

LinaJ2018 · ‎June 4, 2019

Yes, you can deduct the mortgage interest and property taxes paid on the coop as your second home.

To enter mortgage interest in the TurboTax online program:

After sign into your account, select Pick up where you left off
At the right upper corner, in the search box , type in 1098, and Enter
Select Jump to 1098
On the next screen, Did you pay any home loans in 2019?, answer Yes- continue to enter your information
After you finish entering your mortgage interest information, you will be brought back to screen Your Tax Breaks.
Scroll down to Your Home / Property (Real Estate) Taxes to enter information if applies.

[Edited 3/30/2020 | 6:46 PM]

LinaJ2018 · ‎June 4, 2019

Yes, you can deduct the mortgage interest and property taxes paid on the coop as your second home.

To enter mortgage interest in the TurboTax online program:

After sign into your account, select Pick up where you left off
At the right upper corner, in the search box , type in 1098, and Enter
Select Jump to 1098
On the next screen, Did you pay any home loans in 2019?, answer Yes- continue to enter your information
After you finish entering your mortgage interest information, you will be brought back to screen Your Tax Breaks.
Scroll down to Your Home / Property (Real Estate) Taxes to enter information if applies.

[Edited 3/30/2020 | 6:46 PM]

Do you have an Intuit account?