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wand0062
New Member

I qualified for a first time home buyer's plan that allows me a tax CREDIT for interest paid. This is my first time entering this info. Where can I enter it? Thank you.

 
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5 Replies

I qualified for a first time home buyer's plan that allows me a tax CREDIT for interest paid. This is my first time entering this info. Where can I enter it? Thank you.

That must be for state tax return as that is not available on a federal tax return.  What state?
wand0062
New Member

I qualified for a first time home buyer's plan that allows me a tax CREDIT for interest paid. This is my first time entering this info. Where can I enter it? Thank you.

Minnesota

I qualified for a first time home buyer's plan that allows me a tax CREDIT for interest paid. This is my first time entering this info. Where can I enter it? Thank you.

There is a Mortgage Interest Credit that can be claimed on a federal tax return.  However it is not common, that is why this first did not click.
Do you have a a mortgage credit certificate (MCC) from your state or local government. These certificates are issued as part of state and local government programs to help people buy a home.

Is this the Minnesota program that you used - <a rel="nofollow" target="_blank" href="http://www.mnhousing.gov/wcs/Satellite?c=Page&cid=1398723729682&pagename=External%2FPage%2FEXTStanda...>
wand0062
New Member

I qualified for a first time home buyer's plan that allows me a tax CREDIT for interest paid. This is my first time entering this info. Where can I enter it? Thank you.

Yes, I have the certificate. This is the program I have (save up to $2k on interest paid/year). I am just having a heck of a time finding out how to utilize this within turbotax.

I qualified for a first time home buyer's plan that allows me a tax CREDIT for interest paid. This is my first time entering this info. Where can I enter it? Thank you.

Enter mortgage interest credit (qualified mortgage credit certificate holders) in the Search box located in the upper right of the program screen.  Click on Jump to mortgage interest credit (qualified mortgage credit certificate holders)

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