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

    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
  • Form 1040, Schedule E Instructions, Supplemental Income and Loss

    Source: www.irs.gov

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