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posted Jun 3, 2019 11:27:11 AM

Can I include the condo insurance for the rental property (condo) I have when TurboTax asks about insurance premiums?

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1 Replies
Level 13
Jun 3, 2019 11:27:12 AM

If you are speaking about entering your Schedule E (Rent and Royalty income), then yes, you would enter the condo insurance under "Insurance" in the Expenses section for your Schedule E interview - if you own the condo and are renting it out.

You would not enter insurance on a rental property that you own on your Schedule A (Itemized deductions).