The cooperative should give you a Form 1098 showing your share of the interest.
Home acquisition debt, Refinanced home acquisition debt. Enter the average balance of all your home acquisition debt. Multiply the amount in item 1 by the decimal amount on line 11. Figure the balance of that category of debt for each month.
You had to make level payments at fixed equal intervals on at least a semi-annual basis. You must file Form 1040 and itemize deductions on Schedule A Form 1040. Suggestions for publication, Comments and suggestions. The points may be shown as paid from either your funds or the seller's. Funds provided less than, Funds provided are less than points. See what happens if you always select the minimum payment option. To figure your average balance, complete the following worksheet.
How much will you save over the life of loan if you make a larger down payment. The rented part of your home is used by the tenant primarily for residential living. Figure your deductible points for the current year using the rules explained under Points in Part I. Publications 527, Residential Rental Property, and 535. See chapter 5 of Publication 535 for details on these rules. Time-sharing arrangements, Time-sharing arrangements. You can deduct the rest of the points over the life of the loan.