Taxes Q & A- Can you deduct Private Mortgage - E-PersonalFinance

    • Can you deduct Private Mortgage Insurance (PMI) premiums on rental property? If so, which line item on Schedule E?

    Yes. You can deduct Private Mortgage Insurance premium on line 9 of Form 1040, Schedule E (PDF), Supplemental Income and Loss. Write "PMI" on the dotted line.

    References:

  • Publication 527, Residential Rental Property
  • Form 1040, Schedule E (PDF), Supplemental Income and Loss
  • Form 1040, Schedule E Instructions, Supplemental Income and Loss

    Source: www.irs.gov

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