I've been paying flood insurance for years finally had the property resurveyed and we are not in a flood zone. Can I write these payments off as a loss on my taxes?
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1 Best answer
DoninGA
Level 15
Jun 3, 2019 11:32:59 AM
Sorry no. Flood insurance is not deductible on a personal residence, not used as a rental or in a business.
1 Replies
DoninGA
Level 15
Jun 3, 2019 11:32:59 AM
Sorry no. Flood insurance is not deductible on a personal residence, not used as a rental or in a business.