Can homeowners insurance be claimed as a supposition if you itemize?
I read somewhere that homeowners insurance was deductible, but my tariff guy has never mentioned it and we've never taken it as a supposition. Just thought I'd check.
Not on agenda A.
You can deduct insurance if it's a rental property as an expense OR if you own a home office speculation, you can deduct the percentage of your house used for business.
Otherwise, no. If you're paying PMI, you may want to ask something like that.
It isn't deductible unless on a rental house. No, it's not.
Answers: Homeowners insurance is deductible if it insures a rental property. If you are taking a deduction for bureau in the home, afterwards a proportional amount of your homeowners insurance would be factored into the deduction.
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