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Understanding Form 1098-MA Mortgage Assistance Payments in Lacerte

SOLVEDby Intuit9Updated July 11, 2023

Form 1098-MA helps determine (along with Form 1098) how much home mortgage interest is deductible by the taxpayer.

  • Generally, mortgage interest paid by the taxpayer is deductible.
  • If assistance is received, the deductible changes because the taxpayer didn't pay all of the mortgage.
  • The 1098-MA only provides the amount of mortgage assistance received by the taxpayer, it doesn't break it down between principal payments and interest payments, nor does it break out any real estate tax component that may be included. 

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