If your mortgage mortgage quantity is equal to the certified indebtedness quantity proven in your MCC, enter on Form 8396, line 1, all of the interest you paid on your mortgage through the yr. If you itemize your deductions on Schedule A , you should scale back your house mortgage interest deduction by the amount of the mortgage curiosity credit score proven on Form 8396, line 3. You must do that even when part of that amount is to be carried forward to 2023. You should contact the suitable authorities agency about getting an MCC before you get a mortgage…

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