How do you enter mortgage insurance and interest?

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How do you enter mortgage insurance and interest?

It depends how you entered the mortgage insurance information. This is entered on Box 5 on your detail screen when you enter your 1098. If entered correctly, the amount of the mortgage insurance is reflected in your return and you should see an increase in your itemized/ standard deduction amount when you view the tax summary screen. To view the summary screen, go to tax tools>tools>view tax summary. Here view the area of the summary screen that says Itemized/standard deduction.

You may wish to test this by first not recording the mortgage insurance information in box 5 and then viewing the tax summary screen. Then

view the itemized/standard deduction amount in the summary screen. Then go back and record the mortgage insurance premium amount and then view the tax summary screen and see if there is a difference.

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