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Subject: PMI, My 1098 shows 0 in box 5 for PMI however I paid 1,296.32 for PMI for 2017. Should I enter it into TT?
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Subject: PMI, My 1098 shows 0 in box 5 for PMI however I paid 1,296.32 for PMI for 2017. Should I enter it into TT?
Yes, you can claim mortgage insurance and enter the amount in TurboTax.
The mortgage
insurance deduction originally expired on December 31, 2016. It was then
extended for 2017 by the Bipartisan Budget Act of 2018 signed on February 9,
2018. This is why the amount was not reported on form 1098.
TurboTax has been updated to allow the deduction of mortgage insurance.
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**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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Subject: PMI, My 1098 shows 0 in box 5 for PMI however I paid 1,296.32 for PMI for 2017. Should I enter it into TT?
Yes, you can claim mortgage insurance and enter the amount in TurboTax.
The mortgage
insurance deduction originally expired on December 31, 2016. It was then
extended for 2017 by the Bipartisan Budget Act of 2018 signed on February 9,
2018. This is why the amount was not reported on form 1098.
TurboTax has been updated to allow the deduction of mortgage insurance.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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Subject: PMI, My 1098 shows 0 in box 5 for PMI however I paid 1,296.32 for PMI for 2017. Should I enter it into TT?
Thank you, I had a feeling this was the case.