Monday, February 13, 2012
Mortgage Insurance
Mortgage insurance premiums on contracts issued after 2006 on your primary or second home qualify as deductible interest expense. However if your income exceeds $109,000 you lose the deduction. The amount of the premium is reported in box 4 of form 1098 which should be mailed to you by your lender.
Subscribe to:
Post Comments (Atom)
These are good ideas. I am in the process of mortgage. With all the turmoil in the mortgage is a great idea.
ReplyDelete