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erest. It includes discussion on points and on

nce termed as second home;

ing $1 million; (Mortgages you took out after October 13, 1987,

100,000; (Mortgages you took out after October 13, 1987,

ndividuals flows to line 11 of Sch A;

iscount points;

ment;

98 flow to line 12 of Sch A;

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Types Of Source Document For 1098-Mortgage Interest

1 Organizer Page

2 1098-Mortgage Interest

3 Handwritten Information

4 Typed Information/Printed Income Summary5 Settlement Statement

1 Organizer Page

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2 - 1098 - Mortgage Interest

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Input Screens in Tax Software

1A-3

2 M-8 - If Paid for Home - as Business use

3 E-1 - If paid for Rental House

In pro system:

We have to input mortgage interest paid in inpu

Refund of overpaid interest is considered it as o

Box no.Description

1 Mortgage interest received from payer(

2 Points paid on purchase of principal resi

3 Refund of overpaid interest

4 Mortgage insurance premiums

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of home

form A-3 line 30 or 54 and deductible points to be entered on line 35.

her income and it is to considered in input form M-1.

Input Screen & Box Output

Form A-3, line 30 or 54 Schedule A, line 10

Form A-3, line 35 Schedule A, line 10

Less overpaid interest from Form A-3, Overpaid interest will less from Schedu

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le A, line 10