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?
Make a postAsk questions and learn more about your taxes and finances.
y_and_y
New Member
KausBose
New Member
knownoise
Returning Member
obeteta
New Member
saalves2424
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.