PMI on a rental property
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Can You Write Off PMI on a Rental Property?
Short answer: Yes: mortgage insurance on a rental loan is a deductible rental expense.
Rental income and expenses go on Schedule E; ordinary costs to manage and maintain the property are deductible in the year paid.
Records to keep: Keep leases, receipts, a log of repairs vs improvements, mileage to the property, and closing statements.
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PMI on a rental property
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Real Estate / Landlords / Property Managers / Agents
Insurance & Licenses
Rental Property Write-Offs
Yes: mortgage insurance on a rental loan is a deductible rental expense.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Yes: mortgage insurance on a rental loan is a deductible rental expense. Rental income and expenses go on Schedule E; ordinary costs to manage and maintain the property are deductible in the year paid.
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- Rental Property Write-Offs
rental property
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