If I have my primary residence paid off, should I enter in property taxes paid and fire/hazard insurance? If so how and where?

mycocoads-gmail- · ‎January 24, 2024

I have two rentals and one second home and I have handled these with their 1098s. The question is for the state of California, if it matters.

xmasbaby0 · ‎January 24, 2024

You cannot enter fire and hazard insurance you paid for your personal residence. It is not deductible. You can enter the property tax you paid for your own home. The federal deduction for that is capped at $10,000.

Go to Federal> Deductions and Credits> Your Home

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

AmyC · ‎January 24, 2024

The property tax on your main home and second home are listed separately from the rentals. The insurance on those two homes are not deductible. Visit 2023 Instructions for Schedule CA (540) or 2023 Instructions for Schedule CA (540NR) for more information.

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If I have my primary residence paid off, should I enter in property taxes paid and fire/hazard insurance? If so how and where?