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Level 1
posted Jun 4, 2019 5:31:12 PM

I'm doing an amendment in TurboTax Premier (Windows) adding in the Mortgage Ins Premiums that are now deductible. TT isn't including them in the calculation. How to fix?

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1 Best answer
Level 9
Jun 4, 2019 5:31:13 PM

If your AGI exceeds limits listed below; you don't need to amend. Nothing will be calculated if you are over those limits.

Once your adjusted gross income (AGI) exceeds $100,000 ($50,000 for married filing separately) the deduction is reduced. 

And the mortgage insurance deduction is eliminated once your AGI surpasses $109,000 ($54,500 if married filing separately). Also if you did not itemize on original return, it won’t make a difference. 

How do I amend to claim mortgage insurance premiums (corrected Form 1098)?
https://ttlc.intuit.com/replies/6749144

1 Replies
Level 9
Jun 4, 2019 5:31:13 PM

If your AGI exceeds limits listed below; you don't need to amend. Nothing will be calculated if you are over those limits.

Once your adjusted gross income (AGI) exceeds $100,000 ($50,000 for married filing separately) the deduction is reduced. 

And the mortgage insurance deduction is eliminated once your AGI surpasses $109,000 ($54,500 if married filing separately). Also if you did not itemize on original return, it won’t make a difference. 

How do I amend to claim mortgage insurance premiums (corrected Form 1098)?
https://ttlc.intuit.com/replies/6749144