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mmdelanoy
New Member

If I sold a house do i input the prorated insurance or the full insurance for the year?

 
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Coleen3
Intuit Alumni

If I sold a house do i input the prorated insurance or the full insurance for the year?

If you are referring to a rental home, you can only deduct the portion that was an expense while the property was rented or available to rent.

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2 Replies

If I sold a house do i input the prorated insurance or the full insurance for the year?

What insurance?  Homeowners insurance is not deductible if it was for your own 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.**
Coleen3
Intuit Alumni

If I sold a house do i input the prorated insurance or the full insurance for the year?

If you are referring to a rental home, you can only deduct the portion that was an expense while the property was rented or available to rent.

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