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    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
     
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    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

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    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.
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    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.
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    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♥¸¸.•*¨*•♫♪
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    abctax55
    Level 15

    "...I just read "         Where?

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

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

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

    Slava Ukraini!
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    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
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    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.
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    IRonMaN
    Level 15
    "I am happy now"
    That's all that matters :smile:

    Slava Ukraini!
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