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Is VA funding fee deductible?


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Is VA funding fee deductible?
The VA Funding fee on the purchase of a personal residence is entered as an itemized deduction on Form 1040 Schedule A for Mortgage Insurance
- Click on Federal Taxes (Personal using Home and Business)
- Click on Deductions and Credits
- Click on I'll choose what I work on (if shown)
- Under Your Home
- On Mortgage Insurance, click the start or update button
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Is VA funding fee deductible?
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Is VA funding fee deductible?
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Is VA funding fee deductible?
The VA Funding fee on the purchase of a personal residence is entered as an itemized deduction on Form 1040 Schedule A for Mortgage Insurance
- Click on Federal Taxes (Personal using Home and Business)
- Click on Deductions and Credits
- Click on I'll choose what I work on (if shown)
- Under Your Home
- On Mortgage Insurance, click the start or update button
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Is VA funding fee deductible?
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Is VA funding fee deductible?
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Is VA funding fee deductible?
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Is VA funding fee deductible?
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Is VA funding fee deductible?
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Is VA funding fee deductible?
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Is VA funding fee deductible?
Since the spending bill with the tax extenders has just been passed and signed into law, both the IRS and tax preparation software companies have to change various forms, schedules, worksheets and calculations to conform with the extenders in the bill. It will be several weeks before anything is finalized at the IRS and with the TurboTax software which must also be approved by the IRS after they have completed their own system configurations.
Go to this IRS website for information - https://www.irs.gov/newsroom/irs-statement-on-retroactive-extender-provisions
See this TurboTax support FAQ for information - https://ttlc.intuit.com/questions/4241639-tax-relief-the-bipartisan-budget-act-of-2018
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Is VA funding fee deductible?
Any update available on the VA Funding Fee tax deduction?
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Is VA funding fee deductible?
Why is not the VA funding fee reflected on the 1098 that you get from the bank that issued the loan
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Is VA funding fee deductible?
@Rlhawksnest wrote:
Why is not the VA funding fee reflected on the 1098 that you get from the bank that issued the loan
You will have to contact your lender to see why that was not entered on our Form 1098 box 5 as mortgage insurance.
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Is VA funding fee deductible?
How can I deduct VA funding fee on my federal tax.
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