Instructions For Form 1045 - Application For Tentative Refund

Instructions For Form 1045 - Application For Tentative Refund - 2017 Page 8

Keep for Your Records

Mortgage Insurance Premiums Deduction Worksheet—Line 20

Before you begin:

See the instructions for line 20 to see if you must use this worksheet to refigure your deduction.

Enter the total premiums you paid in the carryback year for mortgage insurance for a contract issued after December 31,

2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

Enter the amount from Form 1045, Schedule B, line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.

Enter $100,000 ($50,000 if married filing separately) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.

Is the amount on line 2 more than the amount on line 3?

Your deduction isn't limited. Enter the amount from line 19 on line 20 of Form 1045,

No.

Schedule B, and enter -0- on line 21. Don't complete the rest of this worksheet.

Subtract line 3 from line 2. If the result isn't a multiple of $1,000 ($500 if married filing

Yes.

separately), increase it to the next multiple of $1,000 ($500 if married filing

separately). For example, increase $425 to $1,000, increase $2,025 to $3,000; or if

married filing separately, increase $425 to $500, increase $2,025 to $2,500,

etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

Divide line 4 by $10,000 ($5,000 if married filing separately). Enter the result as a decimal. If the result is 1.0 or more, enter

1.0

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.

Multiply line 1 by line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.

Refigured mortgage insurance premiums deduction. Subtract line 6 from line 1. Enter the result here and on Form

1045, Schedule B, line 20

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.

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Instructions for Form 1045 (2017)