Can I deduct Earthqake insurance on SCH E for my rental?

j24stnc · ‎June 5, 2019

IreneS · ‎June 5, 2019

Yes. Earthquake insurance is a deductible expense for your rental property.

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IreneS · ‎June 5, 2019

Yes. Earthquake insurance is a deductible expense for your rental property.

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chungpoman · ‎May 5, 2021

If I purchase earthquake insurance for my main residence but rent out 66% of the house to two other tenants, could 66% of the earthquake insurance be written off as a deductible expense?

DaveF1006 · ‎May 5, 2021

Yes, you can claim earthquake insurance for the rental portion of your home. Just an FYI, if you have already reported that 66% of your home is rented out, enter the full amount of the earthquake insurance and Turbo Tax will perform the allocation for you automatically.

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Can I deduct Earthqake insurance on SCH E for my rental?