Drake Tax - 1098-MA

Article #: 10584

Last Updated: October 21, 2024

 


Tags: Drake Tax 1098MA

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How enter information from Form 1098-MA in Drake Tax

Form 1098-MA reports mortgage payments made by the homeowner as well as mortgage assistance payments made by a Housing Finance Agency or the Department of Housing and Urban Development. These payments are made with funds allocated from the Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (HFA Hardest Hit Fund), or the Emergency Homeowners' Loan Program.

Amounts from Form 1098-MA may be reported on Schedule A. Review the Schedule A Instructions for details.

The instructions for Form 1098-MA describe the optional safe harbor method of computing the deduction.