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Can I Deduct?

Mortgage Insurance Premiums

Asked By Anonymous User
Thursday, February 09, 2012

Answer:

In 2011, Mortgage Insurance Premiums paid in connection with acquisition indebtedness on a taxpayers primary or second home are deductible as mortgage residence interest.
The deduction phases out based on your filing status and AGI.
CPAdirectory
Answer Provided by: CPAdirectory
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