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Subject:  Is PMI Tax Deductible? Date:  2/19/2009  9:30 PM
Author:  stockmover Number:  104593 of 127549

Hi everyone.
I received the 2008 year end interest and tax statement from my Mortgage Co and in box 4 it showed an amount for my PMI Insurance. Since the house was refinanced in 2006, I have not been including this PMI amount on my Federal or State tax returns because I thought it was not a deductible item for mortgages initiated or re-fied earlier than 2007. Now I am wondering if this PMI amount can be reported as a deduction since it is being reported on my Mortgage Co year end statement?
Thank you for any help.

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