Level 1

SCHEDULE A - MORTGAGE INS DEDUCTION

Forum|Forum|7 years ago
February 6, 2019
4 replies
12 views

Any clue when Schedule A will be final? Proseries still not calculating the Mortgage Insuranace Premiums into the final number.

ProSeries Professional

This topic has been closed for replies.

IRonMaN

Level 15

It is final and currently not deductible.

The schedule A- Mortgage Insurance Premium deduction is part of the Federal Extender legislation that Congress has not passed for 2018. The MIP box is always left on the worksheet to allow the deduction when / if Congress acts. (For 2017, the Extenders were retroactively allowed in 2018). Also, some states may allow the deduction. If Congress passes Extender legislation, all 3 programs (ProSeries, Lacerte and Tax Online) will be updated to allow the deductions included in the legislation.

Slava Ukraini!

M

Mt-Juliet--CPA

Level 4

Not deductabe anymore

Just-Lisa-Now-

Intuit Community Champion

Take a peek at Pub 936 if you want somwething offical showing you that its not dedcuitble in 2018.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

J

Joe Z

Level 2

Same issue last year at this time, but they extended the deduction for 2017 around mid-February. Does anyone know if there is a chance that will happen again?

Just-Lisa-Now-

Intuit Community Champion

I dont think anyone can guess what our current government will do or when they will do it.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Sign up

Login with SSO

Let's get you signed in

Login with SSO

Scanning file for viruses.

This file cannot be downloaded