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Can you deduct Private Mortgage Insurance (PMI) premiums on rental property? If so, which line item on Schedule E?

April 26, 2017deduct line PMI premiums private mortgage insurance Property rental

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Can you deduct Private Mortgage Insurance (PMI) premiums on rental property? If so, which line item on Schedule E?

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Yes. You can deduct Private Mortgage Insurance premium on line 9 of Form 1040, Schedule E (PDF), Supplemental Income and Loss. Write “PMI” on the dotted line. References: • Publication 527, Residential Rental Property • Form 1040, Schedule E (PDF), Supplemental Income and Loss • Instructions for Form 1040, Schedule E, Supplemental Income and Loss 11.3 Sale or Trade of Business, Depreciation, Rentals: Personal Use of Business Property (Condo, Timeshare, etc.