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April 9, 2022
Question

I have a INCOME TAX DECUTION for Cooperators to deduct proportionate share of interest and R.E. taxes paid by the Corporation on per share basis. How do I enter this?

  • April 9, 2022
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1 reply

April 9, 2022

If you did not receive a 1098 form, you calculate the total mortgage interest by multiplying the per-share amount by the number of shares you own. Do the same calculation for property taxes.

 

Follow these steps to enter mortgage interest and property tax:

  1. Open or continue your return
  2. Within your Federal tax, click on Deductions & Credits
  3. Click on Show more next to Your Home
  4. Click on Start/Revisit next to Mortgage Interest and Refinancing to enter the mortgage interest
  5. Click on Start/Revisit next to Property (Real Estate) Taxes to enter the property tax after entering mortgage interest. 
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