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Zack15
New Member

Where to deduct homeowners insurance on rental property

Where do I punch in my homeowner's insurance premiums paid on 100% business use rental property. The expense section does not include an insurance entry.

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DMarkM1
Expert Alumni

Where to deduct homeowners insurance on rental property

"Insurance Premiums" is a  standard expense category for rental property.  Edit the property and select "Add an expense".  You should find "Insurance Premiums" listed.  If not, there should be a "Show More" dropdown to expand the list of options.

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3 Replies

Where to deduct homeowners insurance on rental property

Enter the rental property insurance in the expense section for either Insurance Premiums or in Miscellaneous

DMarkM1
Expert Alumni

Where to deduct homeowners insurance on rental property

"Insurance Premiums" is a  standard expense category for rental property.  Edit the property and select "Add an expense".  You should find "Insurance Premiums" listed.  If not, there should be a "Show More" dropdown to expand the list of options.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Zack15
New Member

Where to deduct homeowners insurance on rental property

I went to "Add an Expense" and found "Insurance Premiums". I must've deleted it by accident at some point? Thank you for the feedback. Cheers

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