Bug with rental property info insurance premiums

[sherman205]

There seems to be a bug with the rental property info section when I try to enter in my insurance premiums:

Under the 'EXPENSES / ASSETS (DEPRECIATION)',  I enter a number for my insurance premiums and click continue, but the 'Insurance Premiums' section still says 'Not Started' and has a $0 amount. Is this a bug?

[LindseyLO]

Have you tried clearing your cache and refreshing? This may help. Click here for assistance.

[sherman205]

I have tried this, it didn't work. Are you sure it's not a bug?

[Carl]

Is this pertaining to property insurance? Or mortgage insurance premiums?

[sherman205]

Neither, it's about 'Insurance Premiums' under the "EXPENSES / ASSETS (DEPRECIATION)" section.

[Carl]

What other kind of insurance premium could there be then? It's either property insurance that you pay to an insurance company in case the property is damaged or destroyed, or mortgage insurance that you pay in case for some reason you default on the loan. While there could be other types of insurance, I'm certainly not immediately aware of any that would pertain to residential rental property.

Typically, mortgage insurance premiums are in box 5 of the 1098. Some lenders will list the property insurance as something like "Hazard Insurance" paid from escrow, elsewhere on the 1098 such as in box 10, or at the bottom of box 8.

Knowing exactly what specific insurance entry you are having an issue with, may help to narrow things down a bit.

[sherman205]

Thanks for explaining that to me. I'm talking about homeowners insurance premiums.

[Carl]

I don't know if you're using the CD version or online version of the program. I'm using the CD version. Enter the homeowner's insurance in the "common expenses" section as shown in the screen shot below. See if that does the trick.

[sherman205]

I am using the online version and I don't have the option to fill this out under just a general "Insurance" section

[Carl]

Can you explain "I don't have the option"??? That general insurance section as you call it, is exactly where it goes. It ends up on line 9 of the SCH E.

[sherman205]

Because I am using an online version of the software, and not from a CD, the software is not identical to what you are using on a CD.  My options to add this homeowners insurance premiums under expenses are as follows:

• "Real estate taxes"
• "Insurance premiums" <-- this is what's not working
• "Mortgage interest"
• "Management fees"
• "Miscellaneous expenses"
• "Other taxes"
• "Repairs"
• "Cleaning/Maintenance"
• "Mortgage insurance"
• "Utilities"
• "Supplies"
• "Vehicle"
• "Professional and legal fees"
• "Advertising"
• "Commissions"
• "Travel (not auto)"
• "Other interest"
• "Prior year nondeductible expenses"
• "Indirect operating expenses"

Pretty sure the only place a homeowners insurance premium belongs is under "Insurance premiums" but that's where the bug is. Do you suggest I put it somewhere else from that list?

[Carl]

@TurboTaxSee flagging you on this. 

[decraw]

I'm also using the online version, and I'm seeing this exact error. It also happens on "repairs" and "cleaning/maintenance", so it's not specific to insurance. Are you still having the problem? Has Intuit responded?

[sherman205]

I was still having this problem, Intuit has not responded. And I just submitted my taxes anyway this past weekend.

[decraw]

Sorry you never got help. Intuit doesn't make it easy to get help for software questions, do they? Fwiw, I deleted the rental property and re-entered it and it worked. On the second attempt I chose both "first time rental" and "converted from rental to personal" (since we only rented it out for February, and then our tenant bailed.)