Good Evening,
The IRS has indicated the mortgage insurance premium amounts from form 1098, box 5 are now tax deductible, particularly in years 2018 and 2019, possibly 2017-have to re-check.
The turbo program (Home & Business) permits the entry of MPI but does not appear to include it on schedule A, itemize deductions. It only calculates mortgage interest and property tax with a limit for the SALT deduction $10K; $5K for separate-married returns (for all state taxes, i.e. state with holdings from employment).
Where should it be recorded to be included as total itemize deduction?
Will be amending 2018's return and completing 2019's return.
Thank you, Derrick [PI removed]
