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Level 2
December 7, 2019
Solved

Is mortgage insurance premium still deductible for a Sch E rental property

  • December 7, 2019
  • 1 reply
  • 21 views

This is a single family home rented all year. There is 2K of Mortgage insurance premiums in addtion to mortgage interest and property taxes.  It was originally the client's personal residence but was converted to a rental in 2015. Are we still able to deduct mortgage insurance premiums in 2018 for investment property.  This single Taxpayers AGI is only $74K.

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Best answer by itonewbie

Yes

1 reply

itonewbie
itonewbieAnswer
Level 15
December 7, 2019

Yes

---------------------------------------------------------------------------------Still an AllStar
Level 2
December 7, 2019
Hi itonewbie, can you give me any more details or a site on this? Thank you.