dcb1995
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The interest portion is not deductible because it's being accrued, not paid; but the mortgage insurance amount shown on the 1098 is. My 1098 only had that figur...
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Incorrect. P.L. 116-94, Division Q, Revenue Provisions, section 102, retroactively extends the applicability of section 163(h)(3)(E) for tax years 2018 and 2019...
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This last step for Mortgage Insurance does not work because TurboTax requires that the mortgage balance and origination date not be blank.
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This 1098 is for a reverse mortgage, so there is no interest to deduct. I'm just trying to get the mortgage insurance amount entered because it is deductible. S...
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That wasn't his question. A 1098 for a reverse mortgage would potentially show an insurance fee that is deductible.
Activity Feed for dcb1995
- Posted Re: Is reverse mortgage interest deductible on After you file. April 20, 2020 6:26 AM
- Posted Re: Under the new tax reform laws, reverse mortgage interest... on After you file. March 17, 2020 11:53 AM
- Posted Re: It is not - unless you paid off the loan in full. Any int... on After you file. March 14, 2020 4:33 PM
- Posted Re: It depends. You can deduct amounts you paid for qualified... on Deductions & credits. March 13, 2020 11:33 PM
- Posted Re: Under the new tax reform laws, reverse mortgage interest... on After you file. March 12, 2020 5:48 PM
- Posted Re: It depends. You can deduct amounts you paid for qualified... on Deductions & credits. March 10, 2020 9:16 PM