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Do I deduct all of my insurance premium or a portion if I am renting out a room in my house?
I am renting out 1 room in my house which I also live in. Turbo tax is saying I can deduct the cost of insurance premiums, but it's not clear as to whether or not I deduct the full amount or if I can only deduct a portion based on how much of my house I rented out. I assume the latter is correct but I want to make sure if my thinking is accurate.
‎April 7, 2025
9:14 PM