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Mortgage Interest Deduction

Owned a NYC coop in 2022 and entered my mortgage interest for personal mortgage I took out to buy unit as well as mortgage interest paid by coop on several building loans.  Turbo Tax shows both entries.

 

Itemized federal deductions only show interest deduction for my personal loan and not building loan.  When I open a home Mortgage Interest Worksheet, it talks about expiration of Mortgage Insurance Premium Reduction.  I do not have this.

 

Not sure what I am missing to get both mortgages shown on federal itemized deduction sheet.

 

Thanks. 

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3 Replies

Mortgage Interest Deduction

Based on this information , you will not be entitled for the deduction for the mortgage interest paid by the coop for these building loans as your situation doesn't seem to fit in the other two categories.

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Mortgage Interest Deduction

Thanks

Mortgage Interest Deduction

Yes, problem solved.

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