In August, 2017 I purchased a home under an FHA loan. In Feb. 2018 the government extended the deduction for the mortgage insurance premium. It is my understanding that the total amount prepaid has to be amortized over 84 months and I can only claim 4 months worth for 2017 plus any additional monthly payments I made. The amount shown in box 5 of the 1098 for 2018 shows ONLY the payments I made as part of my monthly mortgage payments, and not 12 months worth of the amortized mortgage insurance premium. Am I correct that I take the amount in box 5 of the 1098 and ADD 12 months worth of the prepaid mortgage insurance premiums to that and enter than in Turbo Tax in the box allocated for "box 5?"
