taxmo
Level 4
Level 4

Why does the insurance input for rental in ProConnect say "Insurance (except PMI)"?  Where are we supposed to enter mortgage insurance expenses for rentals?  

The IRS guidance says PMI is supposed to be included in the Insurance category.  And yes, PMI is a deductible rental expense (no, it didn't expire, that was the PMI deduction for homeowners that expired).

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