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When using the MCC....When I enter the amount of mortgage interest paid, do I enter both the interest(box 1) & the insurance premiums(box 5) from the 1098, or only box 1?
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When using the MCC....When I enter the amount of mortgage interest paid, do I enter both the interest(box 1) & the insurance premiums(box 5) from the 1098, or only box 1?
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When using the MCC....When I enter the amount of mortgage interest paid, do I enter both the interest(box 1) & the insurance premiums(box 5) from the 1098, or only box 1?
Only Box 1 interest paid on the certified indebtedness amount.
See the IRS website: About Form 8396, Mortgage Interest Credit for further information.
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