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November 21, 2023
Question

Where can I deduct self-employed health insurnace for managing my own investment rental properties?

  • November 21, 2023
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Where can I deduct self-employed health insurnace for managing my own investment rental properties?

    1 reply

    Employee
    November 21, 2023

    Rental income is typically considered to be passive income and you cannot deduct "self-employed" health insurance premiums from passive income. 

     

    Even if the rental income is non-passive, there is still no line on Schedule E on which to deduct premiums paid for health insurance and no deduction is allowable.

     

    If your rental properties rise to the level of a trade or business such that you report on Schedule C, then a deduction would be allowed. However, note that the foregoing would be applicable to real estate dealers or to rental property owners who provide significant services to their renters.