rjs
Level 15
Level 15

Get your taxes done using TurboTax

JohnB5677 made a good point, but the total in his post is mistaken. Insurance of $2,209.00 plus interest of $4,702.67 is a total of $6,911.67. Since all figures on a tax return are rounded to whole dollars, that would appear to be the $6,912.00 that you are seeing. Again, real estate tax is a separate deduction. It would not be added to the mortgage interest.


But you need to clarify whether the $2,209 is mortgage insurance or homeowners insurance. Or is it homeowners insurance that you mistakenly entered as mortgage insurance? It seems high for mortgage insurance. Mortgage insurance is deductible as additional mortgage interest, but homeowners insurance is not deductible at all.