EFTA01222150.pdf

Qualified Mortgage Insurance Premiums Smart Worksheet A Qualified Mortgage Insurance Premiums 1 Principal Residence - Enter the premiums paid in 2017 for qualified mortgage insurance for a contract entered into after 2006 not entered on Form 1098 2 Qualified mortgage insurance premiums from the Home Mortgage Interest Wks. . . 3 Qualified mortgage insurance premiums from Schedule E Worksheet 4 Less qualified mortgage insurance premiums deducted on Form 8829 5 Total qualified mortgage insurance premiums B Amount from Form 1040, line 38 C $100,000 ($50,000 if married filing separately) D Is the amount on Line B more than the amount on line C? ni No. The deduction is not limited. The amount from line A above goes on Schedule A, line 13. 1- 1 Yes. Line C subtracted from line B. If the result is not a multiple of $1,000 ($500 if married filing separately), it is increased to the next multiple of $1,000 ($500 if married filing separately). E Line D divided by $10,000 ($5,000 if married filing separately). The result is a decimal. If the result is 1.0 or more then 1.0. F Line A multiplied by line E G Qualified mortgage insurance premiums deduction. Line F subtracted from line A. The result goes on Schedule A, line 13 EFTA01222150