jmallard Posted February 3, 2008 Report Share Posted February 3, 2008 Hi, Concerning the Qualified Mortgage Insurance Premiums (1040 - Line 13) - is this insurance the type of insurance that pays off your loan should you die and/or makes your mortgage payments if you become disabled? Thanks in Advance. Jerry Quote Link to comment Share on other sites More sharing options...
Robin Posted February 3, 2008 Report Share Posted February 3, 2008 No, this stands for Mortgage Insurance Premium. It protects the lender in case of default. It is collected until there is 20% equity in the property, either by paying down the mortgage or appreciation in the property. This year its deductible for new mortgages. Amount is reported on Line 4 of the 1098. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted February 4, 2008 Report Share Posted February 4, 2008 What does PMI have to do with Line 13, Jerry? Quote Link to comment Share on other sites More sharing options...
Cathy Posted February 4, 2008 Report Share Posted February 4, 2008 What does PMI have to do with Line 13, Jerry? SCH A, Line 13 Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted February 4, 2008 Report Share Posted February 4, 2008 Yeah, but his post was titled ...(1040 Line 13) ^_^ Quote Link to comment Share on other sites More sharing options...
jmallard Posted February 4, 2008 Author Report Share Posted February 4, 2008 Thanks for the responses guys. I appreciate it. I'm sorry that I listed (1040 - Line 13) - I meant to state (Schedule A - Line 13). Jerry Quote Link to comment Share on other sites More sharing options...
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