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Level 2
February 5, 2024
Solved

Where to deduct homeowners insurance on rental property

  • February 5, 2024
  • 2 replies
  • 1 view

Where do I punch in my homeowner's insurance premiums paid on 100% business use rental property. The expense section does not include an insurance entry.

Best answer by DMarkM1

"Insurance Premiums" is a  standard expense category for rental property.  Edit the property and select "Add an expense".  You should find "Insurance Premiums" listed.  If not, there should be a "Show More" dropdown to expand the list of options.

2 replies

DoninGA
Level 15
Level 15
February 5, 2024

Enter the rental property insurance in the expense section for either Insurance Premiums or in Miscellaneous

DMarkM1
DMarkM1Answer
Level 15
February 5, 2024

"Insurance Premiums" is a  standard expense category for rental property.  Edit the property and select "Add an expense".  You should find "Insurance Premiums" listed.  If not, there should be a "Show More" dropdown to expand the list of options.

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Zack15Author
Level 2
February 5, 2024

I went to "Add an Expense" and found "Insurance Premiums". I must've deleted it by accident at some point? Thank you for the feedback. Cheers