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Yes, you can enter the amount in Box 5 if you did, in fact, pay the PMI. But, do note that - as of today - mortgage insurance premiums are not deductible federally. I say as of today because last year during February Congress reauthorized the deduction for only the 2017 tax year. However, it has not happened for 2018 yet and it may not.
Yes, you can enter the amount in Box 5 if you did, in fact, pay the PMI. But, do note that - as of today - mortgage insurance premiums are not deductible federally. I say as of today because last year during February Congress reauthorized the deduction for only the 2017 tax year. However, it has not happened for 2018 yet and it may not.
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