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June 3, 2019
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Began renting my home in June 2016, paid entire annual premium on rental property insurance policy in July 2016. Do I enter entire premium amount?

  • June 3, 2019
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Best answer by PaulaM

If you converted your residence to a rental and paid the premium after the conversion, then yes you can enter the entire premium (1yr or less).

https://www.irs.gov/publications/p527/ch01.html#en_US_2016_publink1000218979

1 reply

PaulaMAnswer
Employee
June 3, 2019

If you converted your residence to a rental and paid the premium after the conversion, then yes you can enter the entire premium (1yr or less).

https://www.irs.gov/publications/p527/ch01.html#en_US_2016_publink1000218979

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