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slaw528
New Member

I paid PMI on a rental property. It is not reported on my 1098, but is reported on my end of year mortgage statement. Can I deduct it in additional rental expenses?

 
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AnnetteB
Intuit Alumni

I paid PMI on a rental property. It is not reported on my 1098, but is reported on my end of year mortgage statement. Can I deduct it in additional rental expenses?

Yes.  Since the PMI is for a rental property and not for your primary residence, it can be deducted as a rental expense on Schedule E.  

Click here or use the following link for more details:
https://www.irs.gov/faqs/sale-or-trade-of-business-depreciation-rentals/rental-expenses/rental-expen...




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AnnetteB
Intuit Alumni

I paid PMI on a rental property. It is not reported on my 1098, but is reported on my end of year mortgage statement. Can I deduct it in additional rental expenses?

Yes.  Since the PMI is for a rental property and not for your primary residence, it can be deducted as a rental expense on Schedule E.  

Click here or use the following link for more details:
https://www.irs.gov/faqs/sale-or-trade-of-business-depreciation-rentals/rental-expenses/rental-expen...




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