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Investors & landlords
No, you cannot deduct the full amount of either the mortgage insurance or the property tax. Both of those expenses should be prorated to cover only the period of time that your property was either being rented or available to rent.
The personal portion of the property tax can be claimed on Schedule A as an itemized deduction. But, the personal portion of the mortgage insurance is not deductible.
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‎April 1, 2025
7:02 AM