1040-US: Home office: reporting deductible mortgage interest, qualified mortgage insurance premiums, and real estate taxes on Schedule A

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IRS filing deadline update

The IRS MeF system is now processing returns, and the filing deadline has been extended to 11:59 PM on Wednesday, April 18, 2018. For the latest details, see UltraTax CS alerts and notices.

Question

Where are deductible mortgage interest, qualified mortgage insurance premiums, and real estate taxes reported on Schedule A?

Answer

Per IRS Publication 587, the nonbusiness portion of deductible mortgage interest is reported on Schedule A, line 10 or 11. The nonbusiness portion of deductible qualified mortgage insurance premiums is reported on Schedule A, line 13. The nonbusiness portion of real estate taxes is reported on Schedule A, line 6. If you select the simplified home office method, then 100 percent of the mortgage interest, qualified mortgage insurance premiums, and real estate taxes will be reported on Schedule A. 

Related topic: Office-in-home information FAQs (1040)

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