Article Date:
December 2006


Word Count:
127

 

 

Mortgage Insurance on Rental


I examined the IRS publication on rental properties and could not find anything on private mortgage insurance (PMI). Can I deduct PMI and, if so, where? (J.R., Long Island, NY)

 

We looked at the IRS publication and found, as you did, nothing. That’s a deficient publication.

 

On the IRS Web site, in the frequently asked questions (FAQ) section, we found your answer, which states:

 

“Yes. You can deduct PMI on line 9 of Form 1040, Schedule E, Supplemental ... Log in to view full article.

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