Publication 936 - Home Mortgage Interest Deduction - Department Of Treasury - 2008 Page 15
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Index
See “Comments and Suggestions” in the “Introduction” for the ways you can reach us.
A
F
Investments:
Worksheet to figure (Table
Average mortgage balance and
1) . . . . . . . . . . . . . . . . . . . . . . .
11
Acquisition debt . . . . . . . . . . 2,
Fair market value (FMV) . . . . . .
8-9
9
total amount of interest
Mortgages:
Alimony . . . . . . . . . . . . . . . . . . . . . .
4
Fees:
allowable . . . . . . . . . . . . . . . .
12
Assistance payments . . . . . . . .
4
Appraisal . . . . . . . . . . . . . . . . . . .
7
Amortization:
Mortgage proceeds used
Average balance . . . . . . . . . . .
10
Notaries . . . . . . . . . . . . . . . . . . . .
7
Points . . . . . . . . . . . . . . . . . . . . . .
5
for . . . . . . . . . . . . . . . . . . . . . . 4,
8
Date of . . . . . . . . . . . . . . . . . . . . .
9
Points (See Points)
Appraisal fees . . . . . . . . . . . . . . . .
7
Itemized deductions:
Ending early . . . . . . . . . . . . . . . .
7
Figures (See Tables and figures)
Armed forces:
Limits . . . . . . . . . . . . . . . . . . . . . . .
1
Late qualifying . . . . . . . . . . . . . .
8
Housing allowance . . . . . . . . . .
4
Form 1040, Schedule A . . . . . . . 8,
Line-of-credit . . . . . . . . . . . . . . .
10
12
Assistance (See Tax help)
Mixed-use . . . . . . . . . . . . . . . . .
10
J
Form 1040, Schedule C or
Average mortgage
Preparation costs for note or
C-EZ . . . . . . . . . . . . . . . . . . . . . .
12
balance . . . . . . . . . . . . . . . . . . .
10
Joint returns . . . . . . . . . . . . . . . . .
4
deed of trust . . . . . . . . . . . . . .
7
Form 1040, Schedule E . . . . . .
12
Proceeds invested in
Form 1040, Schedule F . . . . . .
12
tax-exempt securities . . . . . .
4
B
L
Form 1098:
Proceeds used for
Borrowers:
Lender mortgage
Mortgage insurance
business . . . . . . . . . . . . . . . . . .
8
More than one . . . . . . . . . . . . . .
8
statements . . . . . . . . . . . . . . . .
10
premiums . . . . . . . . . . . . . . . . .
7
Proceeds used for
Seller-paid points, treatment by
Limits:
Mortgage interest . . . . . . . . . 7,
8
investment . . . . . . . . . . . . . . . .
8
buyer . . . . . . . . . . . . . . . . . . . . .
7
Cooperative housing, mortgage
Qualified loan limit . . . . . . 10,
11
Form 8396:
Business:
interest deduction . . . . . . . . .
8
Refinanced . . . . . . . . . . . 5, 8,
10
Mortgage interest credit . . . . . .
4
Deductibility of mortgage
Average mortgage balance,
Reverse . . . . . . . . . . . . . . . . . . . .
4
Free tax services . . . . . . . . . . . .
13
total amount of interest
insurance premiums . . . . . . .
7
Statements provided by
otherwise allowable to each
Deductibility of points . . . . . . . .
7
lender . . . . . . . . . . . . . . . . . . .
10
activity . . . . . . . . . . . . . . . . . . .
12
Home acquisition debt . . . . . . .
8
G
To buy, build, or improve . . . . .
9
Mortgage proceeds used
Home equity debt . . . . . . . . . . .
9
Wraparound . . . . . . . . . . . . . . . .
2
Grandfathered debt . . . . . 2,
9-10
for . . . . . . . . . . . . . . . . . . . . . . . .
8
Home mortgage interest
Ground rents . . . . . . . . . . . . . . . . .
4
deduction . . . . . . . . . . . . . . . . .
8
N
Itemized deductions . . . . . . . . .
1
C
Nonredeemable ground
Qualified loan limit . . . . . . 10,
11
H
rents . . . . . . . . . . . . . . . . . . . . . . .
Clergy:
4
Line-of-credit mortgage . . . . .
10
Help (See Tax help)
Ministers’ and military housing
Notary fees . . . . . . . . . . . . . . . . . . .
7
Loans (See also
Home:
allowance . . . . . . . . . . . . . . . . .
4
Mortgages) . . . . . . . . . . . . . . . 8,
9
Acquisition debt . . . . . . . . . . . 2,
8
Comments on publication . . . .
2
Home improvement,
O
Construction . . . . . . . . . . . . . . . .
4
Cooperative housing . . . . 2, 5,
8
points . . . . . . . . . . . . . . . . . . . .
5
Cost of . . . . . . . . . . . . . . . . . . . . .
9
Office in home . . . . . . . . . . . . . . .
4
Qualified loan limit . . . . . . . . . .
11
Cost of home or
Destroyed . . . . . . . . . . . . . . . . . .
4
improvements . . . . . . . . . . . . . .
9
Divided use . . . . . . . . . . . . . . . 3,
9
P
Credits:
M
Equity debt . . . . . . . . . . . . . . . 2,
9
Mortgage interest . . . . . . . . . . .
4
Penalties:
Equity debt only (Table
Main home . . . . . . . . . . . . . . . . . . .
2
Mortgage prepayment . . . . . . .
4
1) . . . . . . . . . . . . . . . . . . . . . . .
10
Married taxpayers . . . . . . . . . . . .
4
Points . . . . . . . . . . . . . . . . . . . . . .
5-7
Fair market value . . . . . . . . . . . .
9
D
Military housing
Claiming deductible . . . . . . . .
12
Grandfathered debt . . . . . 2,
9-10
allowance . . . . . . . . . . . . . . . . . .
4
Date of mortgage . . . . . . . . . . . . .
9
Exception to general rule . . . .
5
Improvement loan, points . . . .
5
Ministers’ housing
Debt:
Excess . . . . . . . . . . . . . . . . . . . . .
7
Main . . . . . . . . . . . . . . . . . . . . . . . .
2
allowance . . . . . . . . . . . . . . . . . .
4
Choice to treat as not secured
Funds provided less than . . . .
7
Mortgage interest (See
Missing children, photographs
by home . . . . . . . . . . . . . . . . . .
2
General rule . . . . . . . . . . . . . . . .
5
Mortgage interest)
of . . . . . . . . . . . . . . . . . . . . . . . . . .
1
Grandfathered . . . . . . . . . 2,
9-10
Home improvement loans . . . .
5
Office in . . . . . . . . . . . . . . . . . . . .
4
Home acquisition . . . . . . . . . . 2,
8
Mixed-use mortgages . . . . . . .
10
Seller paid . . . . . . . . . . . . . . . . . .
7
Qualified . . . . . . . . . . . . . . . . . . . .
2
Home equity . . . . . . . . . . . . . . 2,
9
More information (See Tax help)
Prepaid interest . . . . . . . . . . . . 4,
7
Renting out part of . . . . . . . . . . .
4
Home equity only (Table
Mortgage insurance
Prepayment penalties . . . . . . . .
4
Sale of . . . . . . . . . . . . . . . . . . . . . .
4
1) . . . . . . . . . . . . . . . . . . . . . . .
10
premiums . . . . . . . . . . . . . . . . . .
7
Publications (See Tax help)
Second . . . . . . . . . . . . . . . . . . . . .
2
Not secured by home . . . . . . . .
2
Claiming deductible . . . . . . . .
12
Time-sharing
Secured . . . . . . . . . . . . . . . . . . . .
2
Mortgage interest . . . . . . . . . . . .
2
arrangements . . . . . . . . . . . . .
4
Q
Deductions:
Cooperative housing . . . . . . . . .
8
Housing allowance:
Home office . . . . . . . . . . . . . . . . .
4
Qualified homes . . . . . . . . . . . . . .
2
Credit . . . . . . . . . . . . . . . . . . . . . .
4
Ministers and military . . . . . . . .
4
Itemized deductions . . . . . . . . .
1
Fully deductible interest . . . . . .
2
Qualified loan limit:
Mortgage insurance
Home mortgage interest . . . . .
2
Average mortgage
premiums . . . . . . . . . . . . . . . .
12
How to report . . . . . . . . . . . . . . .
8
balance . . . . . . . . . . . . . . . . . .
10
I
Mortgage interest (See
Late payment charges . . . . . . .
4
Worksheet to figure (Table
Improvements:
Mortgage interest)
Limits on deduction . . . . . . . . . .
8
1) . . . . . . . . . . . . . . . . . . . . . . .
11
Cost of . . . . . . . . . . . . . . . . . . . . .
9
Points . . . . . . . . . . . . . . . . . . . 5,
12
Ministers’ and military housing
Home acquisition debt . . . . . . .
9
Deed preparation costs . . . . . .
7
allowance . . . . . . . . . . . . . . . . .
4
R
Points . . . . . . . . . . . . . . . . . . . . . .
5
Divorced taxpayers . . . . . . . . . 4,
9
Prepaid interest . . . . . . . . . . . 4,
7
Substantial . . . . . . . . . . . . . . . . . .
9
Redeemable ground rents . . . .
4
Prepayment penalty . . . . . . . . .
4
Interest (See also Mortgage
Refinancing . . . . . . . . . . . . . . . . . .
5
Refunds . . . . . . . . . . . . . . . . . . 4,
7
E
interest) . . . . . . . . . . . . . . . . . . . .
2
Grandfathered debt . . . . . . . . .
10
Sale of home . . . . . . . . . . . . . . . .
4
Interest rate method . . . . . . . .
10
Home acquisition debt . . . . . . .
8
Equity debt . . . . . . . . . . . . . . . . . 2,
9
Special situations . . . . . . . . . . .
4
Equity debt only (Table
Refunded . . . . . . . . . . . . . . . . . 4,
7
Statement . . . . . . . . . . . . . . . . . .
7
Refunds:
1) . . . . . . . . . . . . . . . . . . . . . . .
10
Where to deduct . . . . . . . . . . .
12
Where to deduct . . . . . . . . . . .
12
Mortgage interest . . . . . . . . . 4,
7
Publication 936 (2008)
Page 15
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