I bought a home and paid all the mortgage insurance upfront at closing so we do not have to pay PMI monthly. Can I deduct that all this year or can I deduct that at all? It was about $4,600.

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Upfront payment of Private Mortgage Insurance can be deducted over 84 months or the life of the loan, whichever is less.

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Upfront payment of Private Mortgage Insurance can be deducted over 84 months or the life of the loan, whichever is less.

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