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June 4, 2019
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Where do I find what is needed for Form 8396, Line 1? All I have is a Form 1098, I DID NOT RECEIVE A MCC.

  • June 4, 2019
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Best answer by JohnW15

This is from the IRS' instructions on page 2 of Form 8396:  

Line 1
Enter the interest you paid during the year on the loan amount (certified indebtedness amount) shown on your MCC.
In most cases, this will be the amount in box 1 on Form 1098, Mortgage Interest Statement, or on a similar statement you received from your mortgage holder.
If the loan amount on your MCC is less than your total mortgage loan, you must allocate the interest to determine the part that relates to the loan covered by the MCC.



1 reply

JohnW15Answer
Employee
June 4, 2019

This is from the IRS' instructions on page 2 of Form 8396:  

Line 1
Enter the interest you paid during the year on the loan amount (certified indebtedness amount) shown on your MCC.
In most cases, this will be the amount in box 1 on Form 1098, Mortgage Interest Statement, or on a similar statement you received from your mortgage holder.
If the loan amount on your MCC is less than your total mortgage loan, you must allocate the interest to determine the part that relates to the loan covered by the MCC.



wcwboyd3Author
June 4, 2019
I did not receive a MCC, so what do I do?