Janice Morgan 2012 Tax Return_T12_For_Records

total deductible points to line 12

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Unformatted text preview: you on Fm 1098 . . . . . . . . . . 12 a. b. 0 0 0 0 0 0 0 MINI-WORKSHEET FOR LINE 13, MORTGAGE INSURANCE PREMIUMS Qualified mortgage insurance premiums . . . . . . . . . . . . . . . . Less premiums allocated through Rentals/Royalties Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . Less premiums for home office on Sch. C . . . . . . . . . . . . . . . Less premiums for farm bus. on Sch. F . . . . . . . . . . . . . . . . . Total premiums before phaseout . . . . . . . . . . . . . . . . . . . . . . Form 1040, line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000 ($50,000 if married filing sep) . . . . . . . . . . . . . . . . . Is line f. more than line g? No. Enter amount from line e. on line 13. Yes. Line f. minus line g. If result is not a multiple of $1,000 ($500 if married filing sep), increase it to next multiple of $1,000 ($500 if married filing sep) . . . . . . . . . . . . Line h. divided by $10,000 ($5,000 if married filing sep), not more than 1.0 . . . . . . . . . . . . . . . . . . . . . . . . . Line e. times line i . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Qualified mortgage insurance premiums deduction. Line e. minus line j. To line 13 . . . . . . . . . . . . . . . Mortgage insurance premiums . . . . . . . . . . . . . . . . 13 Alternative Minimum Tax (AMT) Adjustments a. Home mortgage interest (lines 10-13) from post-6/30/82 debt NOT used to buy, build, etc. your "main home" or second home . . . . . . . . . . . . . . . . . b. Home mortgage interest (lines 10-13) from pre-7/1/82 debt which was not used to buy, build, etc. your "main home" or second home AND which was not secured by your "main home" or second home when the mortgage was taken out . . . . . . . . . . . . . . . . . . . . . . . . . . c. Interest on a mortgage used to refinance to the extent the refinancing proceeds exceeded balance 0 0 0 0 0 13,300 100,000 0 0 Not For Filing on refinanced mortgage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d. Total (a+b+c) added to line 4, Form 6251 . . ....
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This document was uploaded on 02/09/2014.

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