Trying to claim mortgage interest credit on 1040, but how do I find out my MORTGAGE CREDIT CERTIFICATE NUMBER?

Question

I don't know where my certificate is. Last year IRS didn't ask for the certificate number & who issued it. This year they are. I called the bank that issued my mortgage. They said they can't tell me how to find the certificate number. How do I find out my mortgage certificate number & who issued it.

Answer 1

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.

http://www.irs.gov/publications/p530/ar02.html#d0e1165

Answer 2

You're confused by two separate programs. Most taxpayers will never use a Mortgage Credit Certificate. If you did, it's in your closing papers package.

It's a virtual certainty that you are not dealing with an MCC, just the mortgage interest deduction. As I said, the two are NOT the same. Go back to the interview section of your tax prep program and delete the reference to the Mortgage Credit Certificate. Make sure that you do select the item for the Mortgage Interest Deduction.

Answer 3

I believe that you are entering it in the wrong place.

Mortgage Interest is not a credit. It is a Schedule A deduction. Only certain 1st time home buyers in Washington DC qualify for the mortgage credit.

Answer 4

There could be a sprint quantity on the CP59 letter. call them and tell them that your earnings substitute into decrease than the submitting requirement quantity for 2007 and subsequently you probably did no longer record. If their information say in any different case they'll supply copies of a transcript that shows what they think of which you earned. shop in mind that unemployment comp IS taxable so in the experience that your unemployment substitute into extra effective than the submitting requirement quantity on your submitting status for 2007 ($8,750 in case you have been single) then you definately are required to record a return. this is attainable that the non-public loan activity 1098 delivered on the CP59 letter. allowing them to understand which you survived on mark downs and unemployment and earned decrease than the submitting requirement quantity could be sufficient. If it is not, in simple terms bypass forward and record a return and record in spite of your activity earnings and unemployment earnings have been, tutor no tax criminal duty if that's the case, and that they'll close the record.