well your products would be cobalt II phosphate and ammonium sulphate. Anything that has an ammonium is soluble so your precipitate the one that is insoluble would be cobalt II phosphate. Co3(PO4)2
First answer is actually wrong in the way it was explained. Phosphates can be soluble, but it depends on what it reacts with, in this case because it reacted with cobalt II it is insoluble.
3CoSO4(aq)+2(NH4)3PO4(aq) ----->Co3(PO4)2 (s) + 3(NH4)2S04 (aq)