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Most 1098 forms went out this year without listing the mortgage insurance premiums because a change in the tax law made them nondeducitble. Congress then recently reversed that change, making the premiums deductible again. Many banks and mortgage companies are now sending out letters or revised forms to include the PMI amount. If you have not received anything from your mortgage company, you may have to call them to get the correct number to deduct this year.
Most 1098 forms went out this year without listing the mortgage insurance premiums because a change in the tax law made them nondeducitble. Congress then recently reversed that change, making the premiums deductible again. Many banks and mortgage companies are now sending out letters or revised forms to include the PMI amount. If you have not received anything from your mortgage company, you may have to call them to get the correct number to deduct this year.
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