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lmapagu
Level 2
Apr 11, 2022 8:24 PM UTC
Question

Glitch - Schedule E

For schedule E, when I entered mortgage INSURANCE, it goes to mortgage INTEREST. I think there's a glitch in the software.

    2 replies

    jschrock
    Level 2
    Apr 11, 2022 8:29 PM UTC

    This may not apply...but thought I'd remark in case this would help:

    Mortgage insurance premiums paid during the year are reported on Form 1098. 13 You should receive this form from your lender after the close of the tax year. You can find the amount you paid in premiums in Box 5. There's currently no limit on the amount of the deduction you can claim if you and your loan qualify.

    lmapaguAuthor
    Level 2
    Apr 11, 2022 8:34 PM UTC

    Yes, I did this.  Thanks though. I'm working on Schedule E for my rental property and the software has a glitch. 

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