turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

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

sachanta
New Member

Deducting 2018 PMI in my 2019 taxes

Congress recently allowed both 2018 and 2019 private mortgage interest premiums to be deductible. I didn't deduct PMI in my 2018 taxes. How do I deduct this 2018 amount in my 2019 taxes? 

Connect with an expert
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.

2 Replies

Deducting 2018 PMI in my 2019 taxes

You  cannot.   That would have to be done on an amended 2018 tax return.  As of this date, the IRS has not issued any revision of the 2018 forms to support that.  Because you have 3 years from the due date of the 2018 tax return to amend, I suspect that the IRS will not address that issue until after the 2019 filing season busy time has ended.

 

Until the IRS issues revised 2018 forms there is no way for TurboTax to add it.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
gcy
Level 2

Deducting 2018 PMI in my 2019 taxes

Now that the IRS has updated their forms, how long before TurboTax gets updated (it's now 4/15/20)? I've downloaded the latest 2018 updates but schedule A in TT still shows "Reserved" and trying to amend has no effect.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies