Deductibility of mortgage insurance premiums on Settlement Stmt

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03-08-2014, 04:36 AM

seydunlap

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Join Date: Mar 2014

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Deductibility of mortgage insurance premiums on Settlement Stmt

Is Mortgage Insurance premiums paid on a Settlement statement for 12 months (and the settlement statement is dated 11/25/13) considered PREPAID premiums and must be allocated over 84 months? Or is it all deductible in 2013?

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