Financing in Duluth>Question Details

Falcyon123, Home Buyer in Riverdale, GA

PMI buyout - I'm buying out the PMI (Approx 1 point totalling 4700 $). Can I claim all or part of it as tax deductible ?

Asked by Falcyon123, Riverdale, GA Sat Sep 12, 2009

If yes, can I phase it out over a period of 2 years ? I heard PMI can be tax deducted per Bush extended reform until 2010.

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That's a question for your accountant. PMI is tax deductible depending on your income either if filing jointly or single tax payer. The point may be deducted as part of your costs to close.
0 votes Thank Flag Link Mon Sep 14, 2009
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