Are the up-front mortgage insurance premiums on FHA loans tax deductible?

This up-front mortgage insurance premium (MIP) was rolled/financed into my loan.
And if they are tax deductible, do I deduct all of it on the tax year I closed on my home? Or do I have to spread out the deductions over the lifetime of the loan?
Also, please provide a reference with your answer. I've done plenty of online searches and there is an abundance of conflicting information.

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One Response to “Are the up-front mortgage insurance premiums on FHA loans tax deductible?”

  1. golferwhoworks says:

    yes they are

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