Question by shawnklee: FHA loan insurance premium is tax deductable?
I live in california and my current income is over 120K per year. I’m planning to purchase a house using FHA loan and one downside of it seems to be the requirement for high insurance premium. Could it be tax deductable in California?
Best answer:
Answer by Because I Said So
check irs.gov or ask your loan officer or realtor
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You might want to post this question under personal finance or tax category, since many accountants or tax people maybe able to answer if deductible or not.
good luck