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I have an MCC for a house I bought last year (2018). I amended my W4 to hold allowances in 2018. Do I still enter the MCC Information in TurboTax from Form 1098?

 
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7 Replies
JohnW15
Intuit Alumni

I have an MCC for a house I bought last year (2018). I amended my W4 to hold allowances in 2018. Do I still enter the MCC Information in TurboTax from Form 1098?

You can actually enter the relevant information from the MCC form, itself.

In TurboTax Deluxe, simply type "mcc" in the "Find" box in the upper right corner, then select "Jump to mcc."  You'll be able to enter all of your information during the interview process.

I have an MCC for a house I bought last year (2018). I amended my W4 to hold allowances in 2018. Do I still enter the MCC Information in TurboTax from Form 1098?

Thank you, but as far as relevant info, would I enter exactly what is on the MCC form or do I need to calculate  a new amount since I already claimed allowances to get the reduced amount taxed monthly?
JohnW15
Intuit Alumni

I have an MCC for a house I bought last year (2018). I amended my W4 to hold allowances in 2018. Do I still enter the MCC Information in TurboTax from Form 1098?

You'd need to enter exactly what's on the MCC form.

I have an MCC for a house I bought last year (2018). I amended my W4 to hold allowances in 2018. Do I still enter the MCC Information in TurboTax from Form 1098?

Perfect, thank you!
JohnW15
Intuit Alumni

I have an MCC for a house I bought last year (2018). I amended my W4 to hold allowances in 2018. Do I still enter the MCC Information in TurboTax from Form 1098?

You bet.  Have a great rest of the weekend!
ngrever
New Member

I have an MCC for a house I bought last year (2018). I amended my W4 to hold allowances in 2018. Do I still enter the MCC Information in TurboTax from Form 1098?

I bought a house last year (2018) and was given incorrect filing advice, so my MCC wasn't even entered in last year. Is there a way to amend my filings for this year to include the MCC from 2018 and 2019 within TurboTax? 

JamesG1
Expert Alumni

I have an MCC for a house I bought last year (2018). I amended my W4 to hold allowances in 2018. Do I still enter the MCC Information in TurboTax from Form 1098?

The 2019 Mortgage Credit Certificate information is entered into your 2019 tax return.  Follow the steps outlined here.

 

You stated that your 2018 tax return has been filed and accepted by the IRS.  The 2018 Mortgage Credit Certificate information is reported on an amended 2018 tax return.  Follow the steps outlined here to amend your 2018 tax return.

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