topic IRS Section 216 Tenant Stockholder of COOP in Get your taxes done using TurboTax

IRS Section 216 Tenant Stockholder of COOP

Sparkydude — Tue, 10 Feb 2026 10:23:14 GMT

I can't find and Turbotax "experts" were not able to help with entering the Section 216 tenant shareholder of COOP apartment deduction. Any help appreciated.

Thank you,

Scott

Re: IRS Section 216 Tenant Stockholder of COOP

IsabellaG — Mon, 04 Mar 2024 22:06:27 GMT

If you are saying that you own a coop, and you make payments that are allocated to mortgage interest and taxes, you can deduct those amounts as Itemized Deductions on your tax return. There is no special line for a Section 216 tenant shareholder deduction.

Instead, you would enter your share of these expenses in the appropriate sections of TurboTax.

Enter your share of Mortgage Interest "interest on debt contracted in the acquisition, construction, alteration, rehabilitation, or maintenance of such building, houses, or land" in Deductions and Credits, under Your Home, in Mortgage Interest and Refinancing.
Enter your share of Real Estate Taxes under Your Home, in Property (Real Estate) Taxes.

Re: IRS Section 216 Tenant Stockholder of COOP

Sparkydude — Mon, 04 Mar 2024 22:24:41 GMT

Thank you Isabella. I believe the 216 deduction is not subject to the SALT limit so placing it with other real estate taxes in Turbotax doesn’t work. In the past 8 yrs my accountant enters it as a separate item on schedule A and labels it “216 deduction”. Is there any method to do so in Turbotax?

Thank you again for responding.

Scott

Re: IRS Section 216 Tenant Stockholder of COOP

IsabellaG — Tue, 05 Mar 2024 13:25:51 GMT

According to my research, Real estate taxes paid through a coop are subject to the SALT limit.

Here are two of my sources:

IRS Explains Application of SALT Deduction Limit to Tenant-Stockholder

Deduction of Taxes, Interest and Depreciation by Tenant-Stockholder of Cooperative Housing Corporation

Re: IRS Section 216 Tenant Stockholder of COOP

bkhalitov — Mon, 17 Feb 2025 17:48:42 GMT

Hi Isabella,

I am trying to enter my share of mortgage interest as tenant-shareholder of a COOP but can't seem to find the place where to include it in TurboTax. You mentioned the following in your post a year ago:

Enter your share of Mortgage Interest "interest on debt contracted in the acquisition, construction, alteration, rehabilitation, or maintenance of such building, houses, or land" in Deductions and Credits, under Your Home, in Mortgage Interest and Refinancing.

Unfortunately I can't seem to find this "interest on debt contracted in the acquisition...." section. I also don't have a 1098 form which I guess is required to fill out the Mortgage Interest and Refinancing section. Can you please clarify where I can input this info? Thank you!

Re: IRS Section 216 Tenant Stockholder of COOP

RobertB4444 — Thu, 20 Feb 2025 19:22:00 GMT

You would need to contact the Coop board and request a statement breaking out your interest and taxes from the monthly payments that you are making. Then you can enter those amounts as though you had received a 1098.

@bkhalitov

Re: IRS Section 216 Tenant Stockholder of COOP

Taxed-again — Tue, 03 Mar 2026 19:44:14 GMT

Using the Easy Step method in Turbo Tax does not allow for entering Co-op real estate taxes to avoid the SALT cap placed on NON-Co-op residential property types. To achieve this, select "Forms" from the Turbo Tax window menu, on the left side, select Schedule A, scroll to "Other Taxes" within the "Taxes You Paid" section. In the description field of "Other Taxes", enter IRS§216(a)(1) Co-Op RE taxes allowed under §164, enter the Co-op R/E tax amount in the adjacent line which will carry the amount into the form to be totaled.

Refer to: https://news.bloombergtax.com/daily-tax-report/insight-are-co-op-apartment-deductions-subject-to-the-recently-enacted-salt-dollar-cap

INSIGHT: Are Co-op Apartment Deductions Subject to the Recently Enacted ‘SALT Dollar Cap’?