topic Our mortgage interest is from a common mortgage for our cooperative, for repairs to the building, not for our unit. Is this a home equity loan? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/our-mortgage-interest-is-from-a-common-mortgage-for-our-cooperative-for-repairs-to-the-building-not/01/1433672#M146782 The coop took out the loan from the bank. On the 1098 our coop is named as the Recipient/Lender Fri, 10 Apr 2020 00:11:44 GMT olsonstauffer 2020-04-10T00:11:44Z Our mortgage interest is from a common mortgage for our cooperative, for repairs to the building, not for our unit. Is this a home equity loan? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/our-mortgage-interest-is-from-a-common-mortgage-for-our-cooperative-for-repairs-to-the-building-not/01/1433672#M146782 The coop took out the loan from the bank. On the 1098 our coop is named as the Recipient/Lender Fri, 10 Apr 2020 00:11:44 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/our-mortgage-interest-is-from-a-common-mortgage-for-our-cooperative-for-repairs-to-the-building-not/01/1433672#M146782 olsonstauffer 2020-04-10T00:11:44Z Re: Our mortgage interest is from a common mortgage for our cooperative, for repairs to the build... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-our-mortgage-interest-is-from-a-common-mortgage-for-our-cooperative-for-repairs-to-the-build/01/1434364#M146827 <P>Payments on the co-op mortgage, to the extent attributable to your ownership, are deductible mortgage expenses (an itemized deduction) the same as if they were on a mortgage you used to purchase your interest.&nbsp;</P> <P>&nbsp;</P> <P>Mortgage interest, refinancing, property taxes and mortgage insurance are all under the Deductions and Credits tab for "Your Home."</P> <P>&nbsp;</P> <P>Click this link for more info on&nbsp;<A href="https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-mortgage-interest-for-a-coop-apartment-i-paid-all-cash-for-if-so-what-do-i-put-in-the/00/563173" target="_blank">Co-op Mortgages.&nbsp;</A></P> Fri, 10 Apr 2020 03:03:28 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-our-mortgage-interest-is-from-a-common-mortgage-for-our-cooperative-for-repairs-to-the-build/01/1434364#M146827 MarilynG1 2020-04-10T03:03:28Z Re: Our mortgage interest is from a common mortgage for our cooperative, for repairs to the build... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-our-mortgage-interest-is-from-a-common-mortgage-for-our-cooperative-for-repairs-to-the-build/01/2556841#M243937 <P>Hi - when I'm entering the information for my common mortgage for our cooperative, it asks if someone co-owns the loan. Should I say yes? And if so, it asks for the name and address of the other person who helps pay the loan - which is all of the other shareholders in the cooperative. What should I enter?</P> Mon, 07 Mar 2022 18:49:50 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-our-mortgage-interest-is-from-a-common-mortgage-for-our-cooperative-for-repairs-to-the-build/01/2556841#M243937 EllenB1 2022-03-07T18:49:50Z Re: Our mortgage interest is from a common mortgage for our cooperative, for repairs to the build... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-our-mortgage-interest-is-from-a-common-mortgage-for-our-cooperative-for-repairs-to-the-build/01/2557371#M244006 <P>You would answer no to the question regarding co-owners, since the form 1098 is only reporting your share of the interest.</P> Mon, 07 Mar 2022 20:56:13 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-our-mortgage-interest-is-from-a-common-mortgage-for-our-cooperative-for-repairs-to-the-build/01/2557371#M244006 ThomasM125 2022-03-07T20:56:13Z