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george_limberopo
New Member

Is FHA up front mortgage insurance tax deductible? If so, where do i enter this?

 
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Marketstar
Level 7

Is FHA up front mortgage insurance tax deductible? If so, where do i enter this?

Yes, your FHA up front mortgage insurance is tax deductible- subject to certain income limits.

To report in TurboTax:

  • Click My Account (Top right of your screen).
  • Select Tools.
  • In the pop up window, select Topic Search.
  • In the search bar, type in mortgage insurance-insurance.
  • Highlight it and select GO, and follow the prompts.


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1 Reply
Marketstar
Level 7

Is FHA up front mortgage insurance tax deductible? If so, where do i enter this?

Yes, your FHA up front mortgage insurance is tax deductible- subject to certain income limits.

To report in TurboTax:

  • Click My Account (Top right of your screen).
  • Select Tools.
  • In the pop up window, select Topic Search.
  • In the search bar, type in mortgage insurance-insurance.
  • Highlight it and select GO, and follow the prompts.


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