Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

The Mort ins w/s says the amt deducted will show up on Sch A, line 13 but that is a contribution c/f?

stashew
Level 1
 
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
sjrcpa
Level 15

The deduction for mortgage insurance premiums is not available in 2018.

The more I know, the more I don't know.

View solution in original post

0 Cheers
12 Comments 12
sjrcpa
Level 15

The deduction for mortgage insurance premiums is not available in 2018.

The more I know, the more I don't know.
0 Cheers
stashew
Level 1
I just read that it was extended for 2018. Pro Series will not compute it and the w/s says it will show on line 13 of Sch A which is a contribution c/f number.
0 Cheers
Just-Lisa-Now-
Level 15
Level 15
Read Publication 936, updated as of January 24th, 2019 No PMI is allowed.

Tons of unofficial articles out on the web stating that it was extended...those are wrong.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
0 Cheers
abctax55
Level 15

"...I just read "         Where?

Post the link, as us pro's don't know about that yet.

HumanKind... Be Both
0 Cheers
stashew
Level 1
The Motley Fool...10/13/18
0 Cheers
IRonMaN
Level 15
Not a highly authoritative source.

Slava Ukraini!
0 Cheers
abctax55
Level 15
There's always Kiplinger...
HumanKind... Be Both
0 Cheers
stashew
Level 1
I agree it is not a great source but why does ProSeries have it in there?
0 Cheers
IRonMaN
Level 15
In case they do change the law retroactively --------- kinda like last year.

Slava Ukraini!
0 Cheers
abctax55
Level 15
The IRS website has a great page of "what got extended vs what didn't" as did every CPE class I did.
HumanKind... Be Both
0 Cheers
stashew1
Level 1
Found what you were referring to on Intuit pro connect. IRS still tells me the page cannot be found. I am happy now. Thanks.
0 Cheers
IRonMaN
Level 15
"I am happy now"
That's all that matters :smile:

Slava Ukraini!
0 Cheers