Can I deduct Earthqake insurance on SCH E for my rental?

Forum|Forum|7 years ago
June 5, 2019
2 replies
6 views

No text available

TurboTax Free Edition Online

Best answer by Irene2805

Yes. Earthquake insurance is a deductible expense for your rental property.

Irene2805Answer

Level 15

Yes. Earthquake insurance is a deductible expense for your rental property.

chungpoman

Level 2

If I purchase earthquake insurance for my main residence but rent out 66% of the house to two other tenants, could 66% of the earthquake insurance be written off as a deductible expense?

DaveF1006

Level 15

Yes, you can claim earthquake insurance for the rental portion of your home. Just an FYI, if you have already reported that 66% of your home is rented out, enter the full amount of the earthquake insurance and Turbo Tax will perform the allocation for you automatically.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"