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Deductions & credits
No, you can't deduct any type of homeowner's insurance, unless the property is a rental or you deduct a home office for a home business.
If the policy is for a rental, you can deduct it along with the other insurance deductions in the rental section.
If you have a business and use a home office, you can include your wind policy with your homeowner's policy when you list your total indirect expenses.
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‎April 11, 2022
8:30 AM