PaulaM
Employee Tax Expert

Investors & landlords

You are welcome 🙂  Do you mean that your insurance deductible is $6k? If so, you would list that under casualty and losses under Deductions and Credits. Report any monies received from insurance in 2018 on your 2018 return, even though the damage expenses are deducted in 2017. This will correct the over expensed deduction in 2017.
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