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Level 1
posted Jan 24, 2020 11:20:29 PM

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?

0 2 383
2 Replies
Level 1
Jan 25, 2020 9:01:07 PM

bump

Expert Alumni
Jan 27, 2020 2:18:34 PM

Only Box 1 interest paid on the certified indebtedness amount.

 

See the IRS website: About Form 8396, Mortgage Interest Credit for further information.