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Once the MCC (Mortgage Credit Certificate) and Mortgage Interest is entered into TurboTax at the full amounts the program will reduce the deductible mortgage interest by the amount of the non-refundable MCC. This will then generate a 8396 into your return. Here is how to enter.
Once the MCC (Mortgage Credit Certificate) and Mortgage Interest is entered into TurboTax at the full amounts the program will reduce the deductible mortgage interest by the amount of the non-refundable MCC. This will then generate a 8396 into your return. Here is how to enter.
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