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I PURCHASED AND PAID IN FULL A 6 YR HOME WARRANTY ON AN INVESTMENT PROPERTY. CAN I CLAIM THE ENTIRE EXPENSE THIS YEAR?

 
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I PURCHASED AND PAID IN FULL A 6 YR HOME WARRANTY ON AN INVESTMENT PROPERTY. CAN I CLAIM THE ENTIRE EXPENSE THIS YEAR?

Generally, you have to allocate such expenses over the life of the product -- in this case, basically an insurance policy.

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I PURCHASED AND PAID IN FULL A 6 YR HOME WARRANTY ON AN INVESTMENT PROPERTY. CAN I CLAIM THE ENTIRE EXPENSE THIS YEAR?

Generally, you have to allocate such expenses over the life of the product -- in this case, basically an insurance policy.

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