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j24stnc
New Member

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

 
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IreneS
Intuit Alumni

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

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

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3 Replies
IreneS
Intuit Alumni

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

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

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**Mark the post that answers your question by clicking on "Mark as Best Answer"
chungpoman
New Member

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

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
Expert Alumni

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

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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