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.
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.
"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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