1044140
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TurboTax Online calculated I would come out better by itemizing (which I have done the past several years). I received a letter, however, from the IRS that the math on Sch A was incorrect; after reviewing it, my PMI was not listed in Sch A (mortgage purchase date 12/2015) but the math included it. Should my PMI have been reflected or not? TT's math error kept me from claiming the standard deduction (which would have been filed free) & caused me to pay more taxes due to itemizing (in error). Is TurboTax going to amend my return for free & refund what I paid to itemize (in error!!)?
Yes, your Mortgage Insurance Premiums are tax deductible and should be added to you Schedule A Itemized Deductions. If your Itemized Deductions are not greater than the Standard Deduction the program will take which ever deduction is greater unless you indicate to take the Itemized Deductions even if the Standard Deduction is greater.
THIS IS NOT RIGHT I SHOULDN'T HAVE ANY DEDUCTIONS ON MY TAXES I WOULD LIKE AND EXPLANATION FOR THIS I DON'T OWN ANY
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