PaulaM
Employee Tax Expert

Investors & landlords

1. Yes, you can deduct the rental portion of your home owner's insurance from the rental income. 

2. Mortgage companies escrow insurance, taxes and private mortgage insurance. Escrow amounts often contain a 'cushion' of expenses. Be certain to expense just the amount paid to your insurance carrier for 2016 . 

Don't forget to expense the rental portion for property taxes, interest and any other rental expenses applicable to just the rental unit.  https://www.irs.gov/pub/irs-pdf/p527.pdf
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