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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.


Ex-AllStar

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12 Comments 12
sjrcpa
Level 15

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


Ex-AllStar
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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.

"*******Tax software is no substitute for a professional tax preparer*******
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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...
"*******Tax software is no substitute for a professional tax preparer*******
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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.
"*******Tax software is no substitute for a professional tax preparer*******
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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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