Please follow the steps below to enter your "MCC tax credit" Mortgage Credit Certificate:
If you have already started or are in your return,
I tried to enter the mcc certificate and it says that I need to upgrade to delux
Still not fully understanding the answer on Mortgage Interest Field. By this, you mean the full interest portion of the original loan (i.e. years ago)? That field comes with no instructions and my MCC does not have a field for that specific piece of information (at least not an obvious one).
The actual IRS form for the Mortgage Credit Interest (Mortgage Credit Certificate) interest is 8396. The 2 boxes I had trouble with were with the Credit Rate and Mortgage Interest boxes. The Credit Date can be found on the actual MCC. mine was 20%. The Mortgage Interest is the amount you paid towards interest in wichever year you are filing for. It can be found on your 1098 form in box 1.
Did you receive a Mortgage Credit Certificate? If yes:
To get to the Mortgage Credit Certificate questions in TurboTax
Follow the prompts
When calculating interest paid, do points paid to buy down the rate count? Essentially this is prepaid interest isn't it?