07-03-2011 09:58 PM
Could someone please explain how much of a coop fee is actually tax deductible? Is it only the portion that is the underlying mortgage of the building and is it the full amount or only half of the mortgage amount? For example, if a coop fee is $1400 and the underlying mortgage is $600, is tax deduction only $600 or $300?
07-22-2011 01:53 AM