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TurboTax has been updated to include the information to deduct your PMI, if qualified. You will enter the amount of your PMI in the entry area for your Mortgage Interest, Form 1098 (even if the amount was not listed on your Form 1098).
Follow these steps to enter your 2019 PMI:
The "tax breaks page" only includes the property taxes + mortgage interest. The PMI is not included in that calculation. Will this be updated? I am itemizing.
When you enter your Mortgage information from your 1098. BOX 5 is Mortgage Insurance Premiums. This is PMI. TurboTax has been updated to properly account for this.
I've never seen such worthless help. I have entered the PMI. The problem is that the PMI is not included on the deductions page. Only the interest + property taxes are included NOT the PMI. So, the calculation on the deductions page is wrong.
Form not released until February 7th
This is still not working. I have downloaded latest version of Turbotax Premium and the mortgage insurance premium is still not getting deducted.
@abhishekjayswal wrote:
This is still not working. I have downloaded latest version of Turbotax Premium and the mortgage insurance premium is still not getting deducted.
Did you look at the Schedule A in Forms mode?
Is your software at the latest release? See this TurboTax support FAQ - https://ttlc.intuit.com/community/updating/help/verify-turbotax-for-windows-basic-deluxe-premier-or-...
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