mm1
Level 5
03-05-2020
03:26 PM
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I just worked on a tax return that has MIP (mortgage insurance premiums) which is deductible on the Federal tax return. When I went to the Alabama return, Proseries carried that MIP over to Schedule A, Other Miscellaneous Deductions not subject to 2%. I have to override it to remove it and put 0 in the deduction. Alabama does not allow MIP as a deductible - clearly states that in the instructions, verified when I called the State Dept of Revenue. This is definitely a programming error on Intuit's end.
Heads up to everyone who has a client with MIP and files an Alabama Form 40 return!
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