Can Homeowners Insurance be deducted on a Trust 1041?
Probably not unless it was rented. I would guess the same rules apply to a Trust as an individual owning a home and the homeowners insurance can’t be deducted unless it’s rented out.
Probably not unless it was rented. I would guess the same rules apply to a Trust as an individual owning a home and the homeowners insurance can’t be deducted unless it’s rented out.
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