turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Deciphering Your Tax Forms on Feb 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Box 5 is blank on my Form 1098 for 2018 and in the summary section, on this form, it is listed the "Mortgage Insurance Paid" amount. Should I enter this amount in Box 5?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Box 5 is blank on my Form 1098 for 2018 and in the summary section, on this form, it is listed the "Mortgage Insurance Paid" amount. Should I enter this amount in Box 5?

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.

View solution in original post

1 Reply

Box 5 is blank on my Form 1098 for 2018 and in the summary section, on this form, it is listed the "Mortgage Insurance Paid" amount. Should I enter this amount in Box 5?

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question