2007-02-25 08:26:41 · 7 answers · asked by Marick K 1 in Business & Finance ➔ Taxes ➔ United States
Assuming that you refinanced, because of your statement that you do not know who the initial lender was Publication 503 states
If you refinance your original mortgage loan on which you had been given an MCC, you must get a new MCC to be able to claim the credit on the new loan. The amount of credit you can claim on the new loan may change. Table 2 summarizes how to figure your credit if you refinance your original mortgage loan.
An issuer may reissue an MCC after you refinance your mortgage. If you did not get a new MCC, you may want to contact the state or local housing finance agency that issued your original MCC for information about whether you can get a reissued MCC.
Year of refinancing. In the year of refinancing, add the applicable amount of interest paid on the old mortgage and the applicable amount of interest paid on the new mortgage, and enter the total on Form 8396, line 1.
If your new MCC has a credit rate different from the rate on the old MCC, you must attach a statement to Form 8396. The statement must show the calculation for lines 1, 2, and 3 for the part of the year when the old MCC was in effect. It must show a separate calculation for the part of the year when the new MCC was in effect. Combine the amounts from both calculations for line 3, enter the total on line 3 of the form, and write “see attached” on the dotted line.
If you were not issued a MCC Certificate at closing of the refinance you can contact your local goverment agency that issued it and request a reissue. if you do not have it you will not be able to claim this credit.
2007-02-25 09:35:55 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Following up on Bostonian's suggestion, if you lost your closing papers, do you remember the closing company where you sat for over an hour signing papers--they would have copies. In addition an office of official deed records (here in Texas its the County Clerk) also has recorded docs that indicate the name of the lender and the closing company. Might be time for you to invest in a records box where you can place your hands on your important papers quickly.
2007-02-25 08:36:12 · answer #2 · answered by Anonymous · 0⤊ 2⤋
What part of keeping personal records is alien to you? If you don't have that info, nobody here is likely to be able to assist.
The only suggestion I can make is to check with your current lender or look through your closing papers.
2007-02-25 08:30:32 · answer #3 · answered by Bostonian In MO 7 · 3⤊ 0⤋
Yes I agree with what's been said so far
2016-09-20 04:55:40 · answer #4 · answered by ? 4 · 0⤊ 0⤋
My Mcc
2016-10-02 02:00:38 · answer #5 · answered by hughart 4 · 0⤊ 0⤋
Need more info to answer
2016-07-28 09:02:48 · answer #6 · answered by Anonymous · 0⤊ 0⤋
thankyou for the answers, very much appreciated!
2016-08-23 19:21:14 · answer #7 · answered by Anonymous · 0⤊ 0⤋