Entering Form 1098-MA Mortgage Assistance Payments in ProConnect Tax

What's new for Form 5695 for tax year 2023:

Energy efficient home improvement credit: The nonbusiness energy property credit has changed to the energy efficient home improvement credit. The credit is extended to property placed in service through December 31, 2022. See here for more information.

Residential clean energy credit: The residential energy efficient property credit has changed to the residential clean energy credit. The credit rate for property placed in service in 2022 through 2033 is 30%. See here for more information.

Use Form 1098-MA to calculate amounts for the 1040 Schedule A lines 10 or 11 for tax year 2021 and prior.

To enter Form 1098-MA on Schedule A line 10:

1. Go to Input Return
2. From the Deductions section, select Itemized Deductions (Sch A).
3. Select the Interest section from the top of the screen.
4. Input the amount in the field Home mortgage interest & points on Form 1098 [A] (Ctrl+E)

To enter Form 1098-MA on Schedule A line 11:

1. Go to ​Input Return​
2. From the Deductions section, select Itemized Deductions (Sch A).
3. Select the Interest section from the top of the screen.
4. Click into the field Home mortgage interest not on Form 1098 and enter the following:
   • Payee's name
   • Payee's SSN or EIN
   • Payee's street address
   • Payee's city
   • Payee's state
   • Payee's ZIP
   • Amount

Refer to IRS Pub. 530 for more information.