Each 1098
can track a payer's shares, period of occupancy and percentage of maintenance
paid for each unit owned. The Apportion selection on
the File menu of Form 1098 uses this information to
compute each payer's share of the total interest, amortization, and
real estate taxes entered on the 1098 Setup page shown
above.
If the owner
of the unit does not live in the apartment, the Suppress
printing apartment number indicator should be checked. Otherwise,
Account Ability will include the apartment number in the mailing address
of the borrower.
If you
check the Print apartment ownership information indicator,
Account Ability will print ownership information in the format APT
MM/DD/YY TO MM/DD/YY in the description box of Form 1098.