Can I claim the deductible amount for an insurance claim on a rental property? I had a $3,500 hail damage claim and $1,000 deductible so insurance paid only $2,500.
This is rental property not personal residential property. Do I have to absorb the $1000 deductible that the insurance company did not cover? or can I claim this $1000 as an expense? or can I claim this $1000 as a loss?
