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 · ‎12-06-2019

sjrcpa · ‎12-06-2019

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

Ex-AllStar

stashew · ‎12-06-2019

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.

Just-Lisa-Now- · ‎12-06-2019

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♥¸¸.•*¨*•♫♪

abctax55 · ‎12-06-2019

"...I just read " Where?

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

"*******Tax software is no substitute for a professional tax preparer*******
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stashew · ‎12-06-2019

The Motley Fool...10/13/18

IRonMaN · ‎12-06-2019

Not a highly authoritative source.

Slava Ukraini!

abctax55 · ‎12-06-2019

There's always Kiplinger...

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

stashew · ‎12-06-2019

I agree it is not a great source but why does ProSeries have it in there?

IRonMaN · ‎12-06-2019

In case they do change the law retroactively --------- kinda like last year.

Slava Ukraini!

abctax55 · ‎12-06-2019

The IRS website has a great page of "what got extended vs what didn't" as did every CPE class I did.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

stashew1 · ‎12-06-2019

Found what you were referring to on Intuit pro connect. IRS still tells me the page cannot be found. I am happy now. Thanks.

IRonMaN · ‎12-06-2019

"I am happy now"
That's all that matters

Slava Ukraini!