eyt4tax
New Member

How to input MCC credit? Is it equally split for joint tenants

Just wanted to confirm that if the mortgage loan amount is equal to the certified indebtedness amount shown on your MCC, into info entered for Form 8396 would basically be the mortgage interest found on the Form 1098?  Also, if the home is owned by two unmarried joint tenants who have an equal share 50/50, then the MCC (as well as the mortgage interest, real estate taxes, etc) would be split equally?  That is, each individual would input info for the MCC, mortgage interest and real estate taxes on their own tax filing?