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Deductions & credits
Up front PMI paid has to be spread over a 84 month period or the life of the loan, whichever is less. It is deductible on your federal income tax return as an itemized deduction on Schedule A.
- Go to Federal Taxes
- Click on Deductions and Credits
- Click on Explore on My Own
- Under Your Home
- On Mortgage Insurance, click the start or update button
‎June 7, 2019
2:55 PM