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amartguevara
New Member

Can I deduct my 480.7A from a home that I have in Puerto Rico?

 
2 Replies
Fern
New Member

Can I deduct my 480.7A from a home that I have in Puerto Rico?

Yes, you can include the amounts from a 480.7A as mortgage interest. Enter the lender name and the amount of interest paid in Box 1 on the 1098 input screen.

Select Federal Taxes
Select Deductions and Credits
Scroll down and select Show More at Your Home
Select Start or Revisit at Mortgage Interest, Refinancing and Insurance
bibi23465
New Member

Can I deduct my 480.7A from a home that I have in Puerto Rico?

What if I moved mid year, should I split the 480.7A between PR and fed return?
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