Updated over 8 years ago on .
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Upfront PMI Deduction
Hi Everybody -
I purchased a 4 family home in 2016 using an FHA loan and paid 1.75% up front PMI at closing. Does anybody know if and how I can deduct this amount? All I can find online is this is normally amortized over 84 months on Schedule A, but I'm not sure if this would be applied the same for an owner occupied rental.
Thank you!