grmy2h Posted February 20, 2018 Report Posted February 20, 2018 Posted on Drake official board... ***UPDATE*** Update #I2700021 - PMI and tuition and fees. Available to download and install on TUE 2/20/2018. From the RELEASE NOTES: 1040 Program Updates - The deduction for tuition and fees paid to an eligible educational institution has been extended through December 31, 2017. Use screen 8863 to report amounts paid. Form 8917 can be e-filed at this time, but cannot be mailed to the IRS until IRS releases the final version of the form. - The deduction for mortgage insurance premiums has been extended through December 31, 2017. Use line 13 on screen A to enter amounts paid. If the amount is entered on screen 1098, box 5, check the box “Qualified premiums to flow to Schedule A” directly below it. Merry G. Broughton, E.A. | CRMT Drake Software Support 3 Quote
jklcpa Posted February 20, 2018 Report Posted February 20, 2018 Huge thank you for posting this! I have only one affected so far and client is scheduled to pickup at 1pm tomorrow, to be amended later on. It's an easy fix that I'll take care of in the morning. 3 Quote
Catherine Posted February 20, 2018 Report Posted February 20, 2018 I have had no one affected yet - but I also thank you! 2 Quote
Lynn EA USTCP in Louisiana Posted February 20, 2018 Report Posted February 20, 2018 I have one client with PMI noted on their 1098 from Wells Fargo. While most years she calls every day about the status of her return. This year I have to give her credit for being patient as we await the software updates. 3 Quote
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