You'll need to sign in or create an account to connect with an expert.
Yes you can deduct homeowner's insurance on your rental property as an expense.
Were are the property insurance premiums entered, is there a form? if so do the forms differ for residence and rental?
For the rental, property insurance is entered on Schedule E.
On your personal residence property insurance is not deductible.
To get to Schedule E in TurboTax:
Open or continue you return in TurboTax
Select Wages and Income
Next to Rental Properties and Royalties select Start or Update
Select Expenses insurance is listed with Common Expenses
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
gina-ferrante
New Member
giralinas
Level 2
in [Event] MetLife & TurboTax Present: The Ask Us Anything Forum
peteman1972
New Member
gjgogol
Level 5
HollyP
Employee Tax Expert