PMI Statements

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  • Snaggletooth
    Senior Member
    • Jun 2005
    • 3314
    #1

    PMI Statements

    Mortgage companies are telling customers they were "forced" by the IRS to delete the PMI information from the 1098s. Now some of them are reissuing these 1098 statements with the PMI included.

    Anyone know what's going on here???
    Tags: None
    • Snaggletooth
      Senior Member
      • Jun 2005
      • 3314
      #2
      Another Physical Clift Thing

      Never mind. Deduction for mortgage interest expired prior to 2012. On Jan 1, Congress retroactively extended it effective for the 2012 calendar year.

      I get so tired of their shenanigans every year and the fire drills that result. Time to start sending some of them home.

        Comment

        • taxea
          Senior Member
          • Nov 2005
          • 4292
          #3
          I'm in and I want to start at the very top!!!
          Believe nothing you have not personally researched and verified.

            Comment

            • JohnH
              Senior Member
              • Apr 2007
              • 5339
              #4
              Term limits are the solution.
              One term in office followed by one term in prison.
              "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

                Comment

                • DaveO
                  Senior Member
                  • Dec 2005
                  • 1453
                  #5
                  If the client had mortgage insurance in the previous year and I don't have the followup letter from the mortgage company I have been calling the automated information line and getting it there. Wells Fargo has it and I'm sure others do as well.
                  In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
                  Alexis de Tocqueville

                    Comment

                    • taxea
                      Senior Member
                      • Nov 2005
                      • 4292
                      #6
                      It might be on his final mortgage statement for the year. Or it would be on the Hud 1 statement.
                      Believe nothing you have not personally researched and verified.

                        Comment

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