Form 1098-Ma - Mortgage Assistance Payments - 2017 Page 3
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5Instructions for Homeowner
of all payments you actually made during the year to your mortgage
Form 1098-MA. The information on this statement is submitted to
servicer or the State HFA. However, the amount you may deduct
the IRS by State Housing Finance Agencies (HFAs) to report: (1)
cannot exceed the sum of the amounts shown on your Form 1098
payments made by a State HFA under the Housing Finance
in box 1 (Mortgage interest received from payer(s)/borrower(s)), any
Agency Innovation Fund for the Hardest Hit Housing Markets
deductible MIP reported in box 5, and real estate taxes reported in
(HFA Hardest Hit Fund) (State HFA mortgage assistance
box 10. However, you are not required to use this safe-harbor
payments) and (2) payments made by you (homeowner mortgage
method to compute your deduction for mortgage interest and real
payments) under this program.
property taxes on your main home.
Homeowner's federal identification number. For your
Account number (optional). May show an account number the
protection, this form may show only the last four digits of your
filer has assigned to distinguish your account.
social security number (SSN) or individual taxpayer identification
Box 1. Shows the total amount of State HFA mortgage assistance
number (ITIN). However, the filer has reported your complete
identification number to the IRS.
payments and homeowner mortgage payments.
Safe-harbor deduction computation. You may use a safe-harbor
Box 2. Shows the amount of State HFA mortgage assistance
method to compute your deduction for mortgage interest, mortgage
payments.
insurance premiums (MIP) (if deductible, see Form 1040 (Sch A)), and
Box 3. Shows the amount of homeowner mortgage payments you
real property taxes on your main home if you meet two tests. First,
paid to the State HFA.
you meet the rules to deduct all of the mortgage interest on your loan,
Future developments. For the latest information about
MIP, and all of the real property taxes on your main home. Second,
developments related to Form 1098-MA and its instructions, such
you participated in an HFA Hardest Hit Fund program in which
as legislation enacted after they were published, go to
program payments could be used to pay mortgage interest. If you
meet these tests, then you may deduct an amount equal to the sum
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