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You can enter your mortgage interest and property tax in TurboTax by using these menu tabs:
These are itemized deductions, so they may not reduce your income tax if you don't have enough itemized deductions to allow you to take the itemized deductions versus the standard deduction.
Thanks for the reply. Yes, I had already accessed the menu tabs you suggested and entered my real estate tax by multiplying my number of shares by the price per share. The issue is the interest per share. The Form 1098 I was sent, has a section Mortgage Interest that is already filled in, but it doesn't match my interest price per share. Am I supposed to add my interest price per share to that same box? Thanks again for your help!
Enter the two interest components separately, as if you received two (2) Form 1098s.
The 1098 Mortgage Interest Statement you received reports interest you paid on the purchase of your unit.
The "interest/share" information you received from the coop management is your share of the mortgage interest on the common-use areas of the coop (e.g. lobby, exercise/shopping areas, parking garage/lots, etc.).
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