https://ttlc.intuit.com/community/taxes/discussion/rental-property/01/1263142#M457133 <P>I have a rental property.&nbsp; The landlord (home) insurance cost from 6/18-6/19 is one price ($750) and from 6/19-6/20 is a different price ($850).&nbsp; Do I need to calculate the cost per month for both years and figure how much the cost was for 2019 or is my expense what I pay in the tax year I'm filing&nbsp; (6/2019 for $750)?</P><P>&nbsp;</P><P>Thanks in advance.</P> Tue, 03 Mar 2020 19:15:51 GMT snahid11 2020-03-03T19:15:51Z https://ttlc.intuit.com/community/taxes/discussion/rental-property/01/1263142#M457133 <P>I have a rental property.&nbsp; The landlord (home) insurance cost from 6/18-6/19 is one price ($750) and from 6/19-6/20 is a different price ($850).&nbsp; Do I need to calculate the cost per month for both years and figure how much the cost was for 2019 or is my expense what I pay in the tax year I'm filing&nbsp; (6/2019 for $750)?</P><P>&nbsp;</P><P>Thanks in advance.</P> Tue, 03 Mar 2020 19:15:51 GMT https://ttlc.intuit.com/community/taxes/discussion/rental-property/01/1263142#M457133 snahid11 2020-03-03T19:15:51Z https://ttlc.intuit.com/community/taxes/discussion/re-rental-property/01/1263188#M457152 <P>You can deduct the annual insurance premium you paid provided it is not more than one year in advance.</P> <P>&nbsp;</P> <P>See&nbsp;<A href="https://www.irs.gov/publications/p527#en_US_2019_publink1000218985" target="_blank">https://www.irs.gov/publications/p527#en_US_2019_publink1000218985</A></P> Tue, 03 Mar 2020 19:23:18 GMT https://ttlc.intuit.com/community/taxes/discussion/re-rental-property/01/1263188#M457152 Anonymous_ 2020-03-03T19:23:18Z