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New Member

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

 
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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
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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?