Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Apr 7, 2025 9:14:50 PM

Do I deduct all of my insurance premium or a portion if I am renting out a room in my house?

I am renting out 1 room in my house which I also live in. Turbo tax is saying I can deduct the cost of insurance premiums, but it's not clear as to whether or not I deduct the full amount or if I can only deduct a portion based on how much of my house I rented out. I assume the latter is correct but I want to make sure if my thinking is accurate.

0 1 823
1 Replies
Expert Alumni
Apr 8, 2025 4:34:03 AM

You can only deduct the portion of the insurance premiums attributed to the space that is rented.