Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
wildasin1
New Member

I had $9,000 in wind damage to our rental property. We paid $500 for the deductible. Do we just put $500 down as a repair expense?

 
1 Best answer

Accepted Solutions
KennethB
New Member

I had $9,000 in wind damage to our rental property. We paid $500 for the deductible. Do we just put $500 down as a repair expense?

Yes, you may deduct the $500.00 that you paid for the insurance deductible as a repair expense.

View solution in original post

1 Reply
KennethB
New Member

I had $9,000 in wind damage to our rental property. We paid $500 for the deductible. Do we just put $500 down as a repair expense?

Yes, you may deduct the $500.00 that you paid for the insurance deductible as a repair expense.

Dynamic AdsDynamic Ads
Privacy Settings
v