To find the amount to enter on line 1, multiply the whole interest you paid during the year in your mortgage by the next fraction. You must contact the suitable authorities company about getting an MCC before you get a mortgage and purchase your home. Contact your state or local housing finance agency for information about the supply of MCCs in your area.
See State and Local Real Estate Taxes and Home Mortgage Interest, later, to determine whether or not you meet the rules to deduct the entire mortgage interest on your mortgage and all the actual estate taxes in…
