Form 4684 - Casualties and Thefts

Limitation on personal casualty and theft losses. For tax years 2018 through 2025, if you are an individual, casualty or theft losses of personal-use property are deductible only if the loss is attributable to a federally declared disaster. Personal casualty and theft losses attributable to a federally declared disaster are subject to the $500 per casualty limitation. An exception to the rule [...]

Mortgage Interest Credit Refinance Credit Allocation Form 8396

Who Can Claim the Credit You can claim the credit only if you were issued a qualified Mortgage Credit Certificate (MCC) by a state or local governmental unit or agency under a qualified mortgage credit certificate program. The home to which the certificate relates must be your main home and also must be located in the jurisdiction of the governmental unit that issued the certificate. If the [...]

Form 8396 - Mortgage Interest Credit

Purpose of FormUse Form 8396 to figure the mortgage interest credit and any credit carryforward Who Can Claim the CreditYou can claim the credit only if you were issued a qualified Mortgage Credit Certificate (MCC) by a state or local governmental unit or agency under a qualified mortgage credit certificate program. The home to which the certificate relates must be your main home and must also [...]

Mortgage Interest Credit - Refinanced

Refinanced MortgageYou can refinance your mortgage without losing this credit if your existing Mortgage Credit Certificate (MCC) is reissued and the reissued certificate meets all of the following conditions. It must be issued to the holder(s) of the existing certificate for the same property. It must entirely replace the existing certificate. The holder cannot retain any portion of the [...]

Form 4835 - Crop Insurance Proceeds

In general, you must report crop insurance proceeds in the year you receive them. Federal crop disaster payments are treated as crop insurance proceeds. However, if you use the cash method of accounting and 2021 was the year of damage, you can elect to include certain proceeds in income for 2022. To do this, check the box on line 5c and attach a statement to your return. See chapter 3 of Pub. [...]