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You must look at your real es- tate tax bill to decide if any nondeductible itemized charges, such as those listed earlier, are included in the bill. If your taxing authority (or lender) doesn't furnish you a copy of your real estate tax bill, ask for it. Refunds and rebates. If you received a refund or rebate in 2016 of real estate taxes you paid in 2016, reduce your de- duction by the amount of the refund or rebate. If you received a refund or rebate in 2016 of real estate taxes you paid in an earlier year, don't reduce your deduc- tion by this amount. Instead, you must include the refund or rebate in income on Form 1040, line 21, if you deducted the real estate taxes in the earlier year and the deduction reduced your tax. See Recoveries in Pub. 525 for details on how to figure the amount to include in income. Line 7 Personal Property Taxes Enter the state and local personal prop- erty taxes you paid, but only if the taxes were based on value alone and were im- posed on a yearly basis. Example. You paid a yearly fee for the registration of your car. Part of the fee was based on the car's value and part was based on its weight. You can deduct only the part of the fee that was based on the car's value. Line 8 Other Taxes If you had any deductible tax not listed on line 5, 6, or 7, list the type and amount of tax. Enter only one total on line 8. Include on this line income tax you paid to a foreign country or U.S. possession. You may want to take a credit for the foreign tax instead of a deduction. See the instructions for Form 1040, line 48, for details. Interest You Paid The rules for deducting interest vary, de- pending on whether the loan proceeds are used for business, personal, or in- vestment activities. See Pub. 535 for CAUTION ! TIP more information about deducting busi- ness interest expenses. See Pub. 550 for more information about deducting in- vestment interest expenses. You can't deduct personal interest. However, you can deduct qualified home mortgage in- terest (on your Schedule A) and interest on certain student loans (on line 33 of your Form 1040), as explained in Pub. 936 and Pub. 970. If you use the proceeds of a loan for more than one purpose (for example, personal and business), you must allo- cate the interest on the loan to each use. However, you don't have to allocate home mortgage interest if it is fully de- ductible, regardless of how the funds are used. You allocate interest (other than fully deductible home mortgage interest) on a loan in the same way as the loan is allo- cated. You do this by tracing disburse- ments of the debt proceeds to specific uses. For more information on allocating interest, see Pub. 535. In general, if you paid interest in 2016 that applies to any period after 2016, you can deduct only amounts that apply for 2016. Use Schedule A to deduct qualified home mortgage interest and investment interest. Lines 10 and 11 Home Mortgage Interest If you are a homeowner who re- ceived assistance under a State Housing Finance Agency Hard- est Hit Fund program or an Emergency Homeowners' Loan program, see Pub. 530 for the amount you can deduct on line 10 or 11. A home mortgage is any loan that is se- cured by your main home or second home. It includes first and second mort- gages, home equity loans, and refi- nanced mortgages. A home can be a house, condomini- um, cooperative, mobile home, boat, or similar property. It must provide basic living accommodations including sleep- ing space, toilet, and cooking facilities. Limit on home mortgage interest. If you took out any mortgages after Octo- ber 13, 1987, your deduction may be limited. Any additional amounts bor- rowed after October 13, 1987, on a TIP line-of-credit mortgage you had on that date are treated as a mortgage taken out after October 13, 1987. If you refi- nanced a mortgage you had on October 13, 1987, treat the new mortgage as tak- en out on or before October 13, 1987. But if you refinanced for more than the balance of the old mortgage, treat the excess as a mortgage taken out after Oc- tober 13, 1987. See Pub. 936 to figure your deduction if either (1) or (2) next applies. If you had more than one home at the same time, the dollar amounts in (1) and (2) apply to the total mortgages on both homes. 1. You, or your spouse if filing jointly, took out any mortgages after Oc- tober 13, 1987, and used the proceeds for purposes other than to buy, build, or improve your home, and all of these mortgages totaled over $100,000 at any time during 2016. The limit is $50,000 if married filing separately. An example of this type of mortgage is a home equity loan used to pay off credit card bills, buy a car, or pay tuition. 2. You, or your spouse if filing jointly, took out any mortgages after Oc- tober 13, 1987, and used the proceeds to buy, build, or improve your home, and these mortgages plus any mortgages you took out on or before October 13, 1987, totaled over $1 million at any time dur- ing 2016. The limit is $500,000 if mar- ried filing separately. If the total amount of all mort- gages is more than the fair market value of the home, addi- tional limits apply. See Pub. 936. Line 10 Enter on line 10 mortgage interest and points reported to you on Form 1098. If your Form 1098 shows any refund of overpaid interest, don't reduce your de- duction by the refund. Instead, see the instructions for Form 1040, line 21. If you and at least one other person (other than your spouse if filing jointly) were liable for and paid interest on the mort- gage, and the interest was reported on the other person's Form 1098, report your share of the interest on line 11 (as explained in Line 11, later). If you paid more interest to the recip- ient than is shown on Form 1098, see Pub. 936 to find out if you can deduct the additional interest. If you can, attach a statement to your paper return explain- CAUTION ! A-7