I've got Preimier 2021 PC desktop version. In the deductions section it groups mortgage interest, refinancing, and interest. When I "Update" that section it only asks questions about my mortgage, but does not ask about insurance. Property Tax has its own category, but I can't find out how to enter the insurance. Please help.
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While mortgage insurance premiums can be deducted if you itemize, home insurance is not a deduction unless you use part of your home for business or rent.
While mortgage insurance premiums can be deducted if you itemize, home insurance is not a deduction unless you use part of your home for business or rent.
Homeowner's insurance is not deductible for your personal residence. If you have a rental property, then homeowner's insurance is a deductible rental expense.
If I'm a remote working from my home, would a portion of the insurance be deducted?
Not if you are an employee.
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