Asked by Misty, Sacramento, CA • Wed Dec 31, 2008
I am aware that MIP is tax deductible at least until 2010, however, I am curious if 1) the upfront Mortgage Insurance Premium (required for FHA loans) is tax deductible and 2) is it tax deductible even if you've financed it through your loan? When can I claim the entire couple thousand dollar Upfront MIP on my taxes? Can anyone link me to a website that explains this or to someone who might know the answer to this question?
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