Brought a house October 2017, obtained mortgage exemption credit of $3,000 for the state of Indiana. Where do I entered the exemption for the IRS and Indiana form?
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Brought a house October 2017, obtained mortgage exemption credit of $3,000 for the state of Indiana. Where do I entered the exemption for the IRS and Indiana form?
Indiana form 43709 was filed with the auditor for a $3,000 one time mortgage exemption. Turbo Tax does not provide a field to enter the exemption for the federal or state form.
Brought a house October 2017, obtained mortgage exemption credit of $3,000 for the state of Indiana. Where do I entered the exemption for the IRS and Indiana form?
The 3k is a deduction from your assessed real property valuation. It shelters 3k from being assessed. It is not a tax credit and therefore is not shown on your state or federal return. visit : http://www.in.gov/dlgf/files/140327_-_FAQ-_Deductions.pdf
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