When I rent my home thru an Agency and They send me a Misc 1099 can I still deduct my property taxes and home owners insurance?

[srockwoo]

where do I deduct my property tax and Homeowners insurance for rental property that is rented thru a property management company which sends me a 1099 MISC

[Coleen3 · Accepted solution]

Yes. It is your rental property, even though you hire someone to manage it for you. Enter all your income and expenses, including what you pay the management company.

To enter the rental:

Go into your TurboTax return. 

1. Search for rentals and then click the "Jump to" link in the search result.
2. Answer Yes to the question Did you have any rental or royalty income and expenses?
3. Follow the on-screen instructions as you proceed through the rental and royalties section.

• We'll first ask you to enter general information about your rental (description, address, ownership percentage, etc.) 
• Eventually, you'll come to the Rental Summary screen which is where you enter your:
• Rental income
• Rental expenses
• Capital assets and depreciation
• Vehicle expenses

If you're also filing a nonresident state return to report income from an out-of-state rental property, be sure to complete your nonresident state return before you prepare your resident state return when you get to the State Taxes section.