Tuesday, April 7, 2015

MCC Mortgage Interest Credit

The taxpayer needs the information from the Mortgage Credit Certificate to use form 8396.  Basically the end total of this form is subtracted from the deductible amount of the regular mortgage interest.

Example Here.



REFERENCES:
http://www.fschousing.com/ClaimTaxCredit.aspx?mnuid=HMB117

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