How do I use Mortgage Interest Credit Carryforward for Mortgage Credit Certificate (Form 8396 Mortgage Interest Credit)?
I've been filing my own taxes on TurboTax, but have never understood how Form 8396 Part II "Mortgage Interest Credit Carryforward to 2021 (or insert current year)" works.
I am currently entitled to deduct the certificate credit rate shown on my Mortgage Credit Certificate of 40%.
How do I use the Carryfoward part II when line 9 is less than line 7?
Thanks so much for your time and attention to my question!
