Interest - Itemized Deduction
Co-Operative Apartment Interest
Yes. You may claim interest on acquisition or home equity debt loans on residences. A residence includes a house, condominium, cooperative apartment, houseboat, mobile home or house trailer that has sleeping, cooking, and toilet facilities. The deduction is allowed on IRS Schedule A.
Note If you need professional help with "Interest - Itemized Deduction" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.