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- I NEED TO REPORT SCH a INTEREST 1098 BUT THE OUTSTANDING EXCEED 750K HOW TO REPORT IT AND ALSO IF I HAVE POINTS ON BOX 6 HOW TO REPORT IT
I NEED TO REPORT SCH a INTEREST 1098 BUT THE OUTSTANDING EXCEED 750K HOW TO REPORT IT AND ALSO IF I HAVE POINTS ON BOX 6 HOW TO REPORT IT
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dmufeed
Level 2
03-14-2022
09:57 AM
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sjrcpa
Level 15
03-14-2022
12:20 PM
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Lacerte has input to compute the allowable mortgage interest deduction when the mortgage exceeds $750K.
I don't think it works for points. Manually limit to the allowable amount and enter on the points line.
The more I know, the more I don't know.
