MORTGAGE INSURANCE PREMIUMS WHERE ON SCHEDULE A

Technical topics regarding tax preparation.
#1
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262
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5-Jan-2015 4:01pm
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Seattle
Are mortgage insurance premiums still deductible in 2022. My client has PMI reported in box 5 of the 1098. When I look at the Lacerte Pro Series software on the Schedule A, I don't see where it would go?

if it is still deductible in 2022, on what line of the Schedule A would the PMI be shown?
 

#2
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22-Sep-2014 9:25am
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Farmington, Michigan
not deductible in 22
Dave

Taxation is the price we pay for failing to build a civilized society. ~ Mark Skousen
 

#3
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10-Jul-2022 9:41am
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Northern California
The authority for this is Sec. 163(h)(3)(E)(iv), which says that mortgage insurance premiums paid after 12/31/2021 or allocable to any period after 12/31/2021 are not deductible as home mortgage interest.
 


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