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Mortgage Insurance Premiums Box Missing

Posted by Liz Weaver Posted on Feb 01 2013

The deduction for mortgage insurance could easily be missed this year.  The 2012 Form 1098 does not contain a box for qualified mortgage insurance premiums. This is likely due to the fact that the new tax bill was passed in January when mortgage companies were already in the process of issuing 1098s. The mortgage insurance premiums are deductible for 2012 and 2013, but you will need to let us know if you have them.