TaxGuyBill
Level 15
10-28-2022
03:53 PM
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The provision to treat Mortgage Insurance as Mortgage Interest expires for 2022.
While there is a good chance Congress will do their traditional retroactive renewal, let's say it is NOT renewed.
Is it still a deduction on 8829 for a Home Office for 2022? It wouldn't be listed as mortgage interest, but to me it still seems like a business expense (perhaps an "other" deduction on the 8829).
The 2022 Draft instructions for 8829 just say it has expired, but nothing else about it.
Any thoughts?
P.S.: I normally wouldn't care until January, but I specifically need to figure this out in the next couple of days.
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