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-   -   Can PMI on Loans be deducted on rental property (https://www.askmehelpdesk.com/showthread.php?t=340279)

  • Apr 11, 2009, 12:07 PM
    twb153130
    Can PMI on Loans be deducted on rental property
    In preparing my 2008 taxes, Can I deduct PMI on my rental property? The home was bought for personal use in 2002 and I started renting in 2005
  • Jun 9, 2009, 12:38 PM
    AtlantaTaxExpert
    Negative; that deduction is allowed only on personal residences.
  • Jun 10, 2009, 01:33 PM
    IntlTax

    Yes, you can deduct the cost. The expense was incurred for the production of the rental income.
  • Jun 10, 2009, 01:43 PM
    AtlantaTaxExpert
    On second thought, I agree with IntlTax. Brain cramp on my part!

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