To meet the eligibility requirements for the mortgage insurance deduction:
You can only deduct qualified mortgage insurance you paid in relation to your main or second home,
You must have started the mortgage insurance contract after December 31, 2006.
You must itemize your deductions on Schedule A.
You will need to upgrade to TurboTax Deluxe to benefit from this deduction.
Unless you have enough itemized deductions (ie. Medical mortgage interest, property taxes, charitable giving, ect) to exceed your Standard Deduction, you will not be able to deduct your mortgage insurance premium,
