Entering Form 1098-MA Mortgage Assistance Payments in the Individual Module in Lacerte

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 Schedule A lines 10 or 11 in tax year 2021 and prior.

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

1. Go to Screen 25, Itemized Deductions
2. Scroll down to the Interest section
3. Input the amount in the field Home mortgage interest & points on Form 1098 [A] (Ctrl+E) code 21

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

1. Go to Screen 25, Itemized Deductions
2. Scroll down to the Interest section
3. Press Ctrl + E in the field Home mortgage interest not on Form 1098 (Ctrl+E) (code 22) 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 Publication 530 for more information.