Yes, you can report the $53 as other taxable income.
Here is how to enter that in TurboTax:
- Select Federal on the left side menu.
- Select Income and Expenses toward upper left.
- Expand/ scroll down the list and find the section called, Less Common Income.
- Scroll all the way down and select Miscellaneous Income, 1099-A, 1099-C.
- Select Other reportable income.
- Answer the first question Yes.
- Enter PMI refund as the description and amount on this page, click Continue.
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