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tekarn503
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Can I write off earthquake insurance for my home office?

 
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Can I write off earthquake insurance for my home office?

Hello,

If you qualify for a home office deduction, then yes you can deduct a portion of your indirect expenses, such as insurance. Here's an article with additional details.

https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv

Indirect expenses

These will probably be your most fruitful home office deductions. Because part of your home qualifies as business property, part of the costs of running it can be converted from non-deductible personal expenses to business write-offs. If your office space takes up 20% of the house, you can deduct 20% of your bills for utilities, homeowners insurance, homeowners association fees, security, and general repairs and maintenance.

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Can I write off earthquake insurance for my home office?

Hello,

If you qualify for a home office deduction, then yes you can deduct a portion of your indirect expenses, such as insurance. Here's an article with additional details.

https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv

Indirect expenses

These will probably be your most fruitful home office deductions. Because part of your home qualifies as business property, part of the costs of running it can be converted from non-deductible personal expenses to business write-offs. If your office space takes up 20% of the house, you can deduct 20% of your bills for utilities, homeowners insurance, homeowners association fees, security, and general repairs and maintenance.

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