Homeowners INS Policy

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  • lbarthell
    Junior Member
    • Feb 2015
    • 18
    #1

    Homeowners INS Policy

    Is The homeowners Insurance Policy a Itemized deduction on Sch A?
    Tags: None
    • S T
      Senior Member
      • Jun 2005
      • 5053
      #2
      No, the HO Policy for Personal Residence would not be an itemized deduction on Sched A.

      If a rental, the Fire Insurance Policy and/or Landlords Package coverage would be a deduction on Sched E Rental.

      Sandy

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        • ATSMAN
          Senior Member
          • Jul 2013
          • 2415
          #3
          If there is a 2106 form with OIH then a portion of the homeowner's insurance premium may be included in the expense. See the worksheet to 8829.
          Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

            Comment

            • lbarthell
              Junior Member
              • Feb 2015
              • 18
              #4
              Tax Preparer

              Originally posted by S T
              No, the HO Policy for Personal Residence would not be an itemized deduction on Sched A.

              If a rental, the Fire Insurance Policy and/or Landlords Package coverage would be a deduction on Sched E Rental.

              Sandy
              Thank you Sandy

                Comment

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