Can I deduct my medical insurance premiums against rental income and if I can, do I enter the premium amount as an additional expense against one of the properties?

I am retired and have several rental properties that provide enough income to cover the premium amount without creating a loss. I do not spend 750 hours managing the properties.

posted

You may not be able to deduct your medical insurance premium against your rental income.

You can claim the medical insurance premium on Schedule A along with any out of pocket medical expense incurred.

See the answer to the FAQ on what rental expense you can deduct.

https://ttlc.intuit.com/replies/4209856

I had property damage as a result of a storm. I got estimates for repairs. My insurance covered a small portion. FEMA contributed some. Where do I report the FEMA $?

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Can I deduct my medical insurance premiums against rental income and if I can, do I enter the premium amount as an additional expense against one of the properties?

Can I deduct my medical insurance premiums against rental income and if I can, do I enter the premium amount as an additional expense against one of the properties?

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Can I deduct my medical insurance premiums against rental income and if I can, do I enter the premium amount as an additional expense against one of the properties?

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Can I deduct my medical insurance premiums against rental income and if I can, do I enter the premium amount as an additional expense against one of the properties?

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