leslie-roberts
Level 2
12-07-2019
05:02 AM
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This is a single family home rented all year. There is 2K of Mortgage insurance premiums in addtion to mortgage interest and property taxes. It was originally the client's personal residence but was converted to a rental in 2015. Are we still able to deduct mortgage insurance premiums in 2018 for investment property. This single Taxpayers AGI is only $74K.
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itonewbie
Level 15
12-07-2019
05:02 AM
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Yes
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leslie-roberts
Level 2
12-07-2019
05:02 AM
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Hi itonewbie, can you give me any more details or a site on this? Thank you.
itonewbie
Level 15
12-07-2019
05:02 AM
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That is because this is not governed by §163, which is modified by TCJA, but §212.
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Still an AllStar
Still an AllStar
