Mortgage Insurance Premium Deduction

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01-26-2011, 11:52 AM

adicosola

Junior Member

Join Date: Jan 2011

Posts: 3

Mortgage Insurance Premium Deduction

I made over $109,000 in 2009 and could not deduct my mortgage insurance premium as a result. In 2010 I made less than $100,000 so I'm eligible to deduct my mortgage insurance premium. Can I carryforward my mortgage insurance premium from 2009 and how do I go about doing that? I noticed that you can carryforward mortgage interest but I don't see that as an option for mortgage insurance. Do I just treat the mortgage insurance as interest?

Thanks

« Miscellaneous Deductions | For 2010, Taxpayers with high adjusted gross income, will no longer face phase outs for exemptions and itemized deductions! »

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