Account Ability tax form preparation software prepares tax forms 1099, 1098, 3921, 3922 quickly and easily. Account Ability tax form preparation software prepares tax forms W2 and W2C quickly and easily. Account Ability tax form preparation software prepares tax forms W2G and 5498 quickly and easily.
Account Ability tax form preparation software prepares tax forms 1099, 1098, 3921, 3922 quickly and easily. Account Ability tax form preparation software prepares tax forms W2 and W2C quickly and easily. Account Ability tax form preparation software prepares tax forms W2G and 5498 quickly and easily.
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Screen Shots
Client (Filer) Master - 1098 Setup Information
If you prepare 1098 returns for owners of cooperatives and want Account Ability to compute each owner's share of amortization, mortgage interest and real estate taxes, then you must configure cooperative information on the filer's 1098 Setup page.
1098 Cooperative Information

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.

 
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