You can enter your mortgage interest in TurboTax using your Form 1098. You may not have one, but if you think it applies to you, you can ask your mortgage lender or whoever helped you with the purchase of your home.
A mortgage credit certificate (MCC) is typically issued by a state or local housing finance agency to eligible, first-time homebuyers, and it allows them to claim a tax credit for a portion of their mortgage interest.
Generally, MCCs are for low-to-moderate-income, first-time homebuyers, though specific eligibility requirements vary by state and program.
You can enter your Form 1098 into TurboTax to claim your mortgage interest if you are itemizing your deductions as follows:
- Click on "Search" (magnifying glass) at the top right of your screen and
- Type "1098" in the search bar.
- Click on "Jump to 1098."
- This will allow you to review your entries for your mortgage interest from Form 1098.
Click here for Can I deduct state or local income tax on my federal return?
Click here for Deducting Mortgage Interest FAQs.
Click here for Mortgage Interest Deduction: How Does it Work?
Click here for Video: Deducting Mortgage Interest and Property Tax.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
