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February 5, 2024
Solved

Where to deduct homeowners insurance on rental property

  • February 5, 2024
  • 2 replies
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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.

Best answer by DMarkM1

"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.

2 replies

DoninGA
Employee
February 5, 2024

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

DMarkM1
DMarkM1Answer
February 5, 2024

"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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Zack15Author
February 5, 2024

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