Article Date:
August 2019


Word Count:
840

 

 

Beware: IRS Error in Rental Property Deduction Publication


Question

 

I understand that the itemized deduction for mortgage insurance premiums expired and that it is no longer available after 2017.

 

I have a client who owns a three-family apartment building. He resides in one of the units. Can he deduct two-thirds of his mortgage insurance premiums against his rental income on Schedule E?

 

Answer

 

Your seemingly straightforward question has many twists to it.

 

Personal Residence Mortgage Insurance

 

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