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Deductions & credits
Not all lenders will include the private mortgage insurance premiums on your Form 1098.
Nevertheless, you can still take the deduction. Enter the amount of PMI that you paid in 2016 in Box 5 as if you received it on the Form 1098 form.
You may need to look to your settlement statement or your mortgage statement to get the monthly amount. Multiple the amount of monthly payment X 12 for the total to enter in TurboTax.
If unsure, contact your lender for the exact amount collected and paid for the premium. Homeowner's insurance would not be deductible even though your lender may escrow these amounts from your payment.
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May 31, 2019
11:58 PM
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