To report the Mortgage Interest paid from a 1098, report as follows:
1. Go to Federal.
2. Select Deductions and Credits.
3. Select Your Home.
4. The first
choice in this section is Mortgage Interest,
Refinancing and Interest (1098).
You will enter the
information from your 1098 form in this area.
A Mortgage Interest Credit Certificate is not common since most people don't have this certificate. If you have it, you would have gotten it from your state or local government at the time you bought (or refinanced) your home. If you qualify, you can claim this credit each year based on a portion of your home mortgage interest. We’ll automatically subtract the mortgage interest credit amount from your home mortgage interest deduction, so don't be alarmed if you see that you don't get all of your home mortgage interest as a deduction.
