You'll need to sign in or create an account to connect with an expert.
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
When adjusted gross income (AGI) reaches or exceeds $109,000 ($54,500 if married filing separately) the deduction is eliminated
See https://www.irs.gov/publications/p936/ar02.html#en_US_2015_publink1000296058
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
When adjusted gross income (AGI) reaches or exceeds $109,000 ($54,500 if married filing separately) the deduction is eliminated
See https://www.irs.gov/publications/p936/ar02.html#en_US_2015_publink1000296058
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
malvinchip
New Member
jakeschrum138
New Member
AdamBATL
Level 1
ead307d72a5f
New Member
Hanso2024
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.