Can I deduct home owners insurance premiums paid for a rental property under "insurance premiums" in the"rental and royalty" section of my federal return/

[MichaelMc · Accepted solution]

Yes. Insurance premiums for homeowner's coverage (fire, theft, liability, damage to premises, etc.) on a rental property are an ordinary and necessary business expenses associated with the rental property.

Insurance premiums appear on Schedule E (Form 1040), line 9, in the column (A, B, C) for the covered property.