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Mortgage Interest Credit Refinance Credit Allocation

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Question
Mortgage Interest Credit Refinance Credit Allocation

Answer

If the certificate credit rate shown on line 2 is more than 20%, multiply line 1 by line 2, but do not enter more than $2,000 on line 3. If you and someone else (other than your spouse if filing jointly) held an interest in the home, the $2,000 limit must be allocated to each owner in proportion to the interest held.

Form 8396 Instructions


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Views: 266 Created on: Jun 15, 2013
Date updated: Sep 14, 2015

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