mchrains
New Member

Deductions & credits

Thank you. For 2017 amended return I took the prepaid amount for 4 months of the amortized prepaid amount and added it to the monthly payments made in 2017 and put that in box 5 instead of the entire amount shown in that box (the bank did not "amortize" the prepaid amount) and am filing an amended return for 2017 tax year.  HR 284 apparently has been introduced on the floor of the House to be a permanent deduction of MIP but has not gone anywhere as of 2/19/2019.