topic SAME PROBLEM: 2026!!! in Get your taxes done using TurboTax

Bug with rental property info insurance premiums

sherman205 — Sun, 28 Feb 2021 00:35:09 GMT

There seems to be a bug with the rental property info section when I try to enter in my insurance premiums:

Under the 'EXPENSES / ASSETS (DEPRECIATION)', I enter a number for my insurance premiums and click continue, but the 'Insurance Premiums' section still says 'Not Started' and has a $0 amount. Is this a bug?

Re: Bug with rental property info insurance premiums

LindseyLO — Thu, 04 Mar 2021 03:45:00 GMT

Have you tried clearing your cache and refreshing? This may help. Click here for assistance.

Re: Bug with rental property info insurance premiums

sherman205 — Thu, 04 Mar 2021 15:20:35 GMT

I have tried this, it didn't work. Are you sure it's not a bug?

Re: Bug with rental property info insurance premiums

Carl — Thu, 04 Mar 2021 15:22:37 GMT

Is this pertaining to property insurance? Or mortgage insurance premiums?

Re: Bug with rental property info insurance premiums

sherman205 — Thu, 04 Mar 2021 15:26:26 GMT

Neither, it's about 'Insurance Premiums' under the "EXPENSES / ASSETS (DEPRECIATION)" section.

Re: Bug with rental property info insurance premiums

Carl — Thu, 04 Mar 2021 15:35:54 GMT

What other kind of insurance premium could there be then? It's either property insurance that you pay to an insurance company in case the property is damaged or destroyed, or mortgage insurance that you pay in case for some reason you default on the loan. While there could be other types of insurance, I'm certainly not immediately aware of any that would pertain to residential rental property.

Typically, mortgage insurance premiums are in box 5 of the 1098. Some lenders will list the property insurance as something like "Hazard Insurance" paid from escrow, elsewhere on the 1098 such as in box 10, or at the bottom of box 8.

Knowing exactly what specific insurance entry you are having an issue with, may help to narrow things down a bit.

Re: Bug with rental property info insurance premiums

sherman205 — Thu, 04 Mar 2021 15:39:58 GMT

Thanks for explaining that to me. I'm talking about homeowners insurance premiums.

Re: Bug with rental property info insurance premiums

Carl — Thu, 04 Mar 2021 15:57:33 GMT

I don't know if you're using the CD version or online version of the program. I'm using the CD version. Enter the homeowner's insurance in the "common expenses" section as shown in the screen shot below. See if that does the trick.

Re: Bug with rental property info insurance premiums

sherman205 — Fri, 05 Mar 2021 14:19:27 GMT

I am using the online version and I don't have the option to fill this out under just a general "Insurance" section

Re: Bug with rental property info insurance premiums

Carl — Fri, 05 Mar 2021 14:25:05 GMT

Can you explain "I don't have the option"??? That general insurance section as you call it, is exactly where it goes. It ends up on line 9 of the SCH E.

Re: Bug with rental property info insurance premiums

sherman205 — Fri, 05 Mar 2021 14:32:06 GMT

Because I am using an online version of the software, and not from a CD, the software is not identical to what you are using on a CD. My options to add this homeowners insurance premiums under expenses are as follows:

"Real estate taxes"
"Insurance premiums" <-- this is what's not working
"Mortgage interest"
"Management fees"
"Miscellaneous expenses"
"Other taxes"
"Repairs"
"Cleaning/Maintenance"
"Mortgage insurance"
"Utilities"
"Supplies"
"Vehicle"
"Professional and legal fees"
"Advertising"
"Commissions"
"Travel (not auto)"
"Other interest"
"Prior year nondeductible expenses"
"Indirect operating expenses"

Pretty sure the only place a homeowners insurance premium belongs is under "Insurance premiums" but that's where the bug is. Do you suggest I put it somewhere else from that list?

Re: Bug with rental property info insurance premiums

Carl — Fri, 05 Mar 2021 14:52:01 GMT

Re: Bug with rental property info insurance premiums

decraw — Wed, 17 Mar 2021 02:28:34 GMT

I'm also using the online version, and I'm seeing this exact error. It also happens on "repairs" and "cleaning/maintenance", so it's not specific to insurance. Are you still having the problem? Has Intuit responded?

Re: Bug with rental property info insurance premiums

sherman205 — Wed, 17 Mar 2021 13:39:55 GMT

I was still having this problem, Intuit has not responded. And I just submitted my taxes anyway this past weekend.

Re: Bug with rental property info insurance premiums

decraw — Sat, 20 Mar 2021 16:40:31 GMT

Sorry you never got help. Intuit doesn't make it easy to get help for software questions, do they? Fwiw, I deleted the rental property and re-entered it and it worked. On the second attempt I chose both "first time rental" and "converted from rental to personal" (since we only rented it out for February, and then our tenant bailed.)

Re: Bug with rental property info insurance premiums

ethan_a2 — Sun, 06 Mar 2022 22:48:24 GMT

This bug is still present in 2022.

Intuit, WTF folks? This **bleep** is important. It's unacceptable that this bug has not been fixed a year later.

Re: Bug with rental property info insurance premiums

Bob228 — Mon, 14 Mar 2022 21:31:02 GMT

Same here. What gives?

Insurance premiums and Repairs

Re: Bug with rental property info insurance premiums

Carl — Mon, 14 Mar 2022 21:46:37 GMT

It matters just "exactly" what kind/type of insurance you're talking about. Insurance reported in box 6 of the 1098 is called PMI (Private Mortgage Insurance) and is sometimes referred to as MIP (Mortgage Insurance Premium). This amount is entered in the same section where you enter the 1098 Mortgage Interest.

Now some lenders will report the property insurance (nothing to do with PMI/MIP) in box 10. They'll label it "insurance" or "Hazard Insurance" usually. This amount is *NOT* entered anywhere in the section where you enter the 1098. It's entered before you even get to the 1098 section of the rental expenses. As shown in the image already provided in this thread, one of the first two screens called "Enter Common Expenses" in the rental expenses section has a box labeled "insurance". That's where you enter the property insurance costs.

Re: Bug with rental property info insurance premiums

TaxMex — Wed, 15 Mar 2023 22:40:42 GMT

I added the expense items to "miscellaneous" and it worked.

Re: Bug with rental property info insurance premiums

SchnellyCat — Fri, 02 Aug 2024 00:19:22 GMT

Same issue... in 2023. No matter how many times I put something in Insurance, Repairs, or Maintenance and then hit continue... it comes back here and still says "not started." I checked the math, it's not in the math either. However, if I go back into edit... the number I typed in is still there. It just won't come forward to the main screen or the schedule E. I guess I'll put all of these in Miscellaneous as well.