DianeW
Expert Alumni

Investors & landlords

@mavmoses07  I agree with the assessment @TurboTaxMichaelDC provides for the usual procedure for an expense for an appraisal.  However, since the appraisal saves money for you long term and therefore produces more rental income from the time the PMI is no longer an expense, I would be inclined to take the expense and be prepared with all the records maintained with your tax files should you need them later.