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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

dmufeed
Level 2
 
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1 Comment 1
sjrcpa
Level 15

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.
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