How can I get Mortgage Insurance premiums to calculate? Once everything is properly entered in the Smart Worksheet on Schedule A after line 8c, nothing flows to line 8d.

Forum|Forum|6 years ago
December 7, 2019
8 replies
46 views

The Qualified Insurance Premiums Smart worksheet indicates on line G the premiums will be recorded to schedule A, line 8D, which is reserved. Nothing is coming through there. How can I get the flow through (or override to the correct answer)

ProSeries Professional

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Best answer by garman22

MIP was not extended for 2018. Some say it might still be but....as of now, no.

G

garman22

Answer

Intuit Community Champion

MIP was not extended for 2018. Some say it might still be but....as of now, no.

S

showse

Level 2

It was retroactively extended. That is why many lenders have issued corrected 1098s.

abctax55

Level 15

".....It was retroactively extended. That is why many lenders have issued corrected 1098s."

Wanna' provide some concrete back-up for that statement? Seems to me all the pro's on this forum would know of that; altho I do admit to a lot of tunnel vision right now.

HumanKind... Be Both

Just-Lisa-Now-

Intuit Community Champion

I haven't seen any corrected ones....the originals seem to have the PMI already on them...not that it does any good.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Just-Lisa-Now-

Intuit Community Champion

Check IRS Publication 936, it was updated on Jan 24, 2019, it says the PMI deduction is gone for 2018.

Tons of old articles out there on the internet that show its been extended, but they are wrong.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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