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June 6, 2019
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I paid mortgage interest, home owners insurance and PMI in advance at closing. This is not reported on my lender's 1098. How do I include this on my turbotax return?

  • June 6, 2019
  • 1 reply
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Best answer by MargaretL

All you have to do is visit Deductions & Credits section and enter your mortgage interest and PMI (plus any property tax and points if you aid) into the program. When going through the interview, you will be able to indicate that you did not receive 1098 form.  Homeowners insurance is not deductible...

 1.Mortgage interest paid: Federal Taxes>Deductions &Credits> Your Home, select Mortgage Interest and Refinancing

 2. Points: Federal Taxes>Deductions &Credits> Your Home, select Mortgage Interest and Refinancing (be sure to select an option that applies to you on the Tell Us More about Your Loan screen)

 3. Real Estate Taxes: Federal Taxes>Deductions &Credits> Your Home>Property Taxes

 4. Mortgage Insurance: Federal Taxes>Deductions &Credits> Your Home> Mortgage Insurance

1 reply

MargaretL
MargaretLAnswer
Employee
June 6, 2019

All you have to do is visit Deductions & Credits section and enter your mortgage interest and PMI (plus any property tax and points if you aid) into the program. When going through the interview, you will be able to indicate that you did not receive 1098 form.  Homeowners insurance is not deductible...

 1.Mortgage interest paid: Federal Taxes>Deductions &Credits> Your Home, select Mortgage Interest and Refinancing

 2. Points: Federal Taxes>Deductions &Credits> Your Home, select Mortgage Interest and Refinancing (be sure to select an option that applies to you on the Tell Us More about Your Loan screen)

 3. Real Estate Taxes: Federal Taxes>Deductions &Credits> Your Home>Property Taxes

 4. Mortgage Insurance: Federal Taxes>Deductions &Credits> Your Home> Mortgage Insurance

dariojrAuthor
June 6, 2019
You are right, I confused HOI with mortgage insurance with is PMI. Thanks for your answer!