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Updated over 4 years ago on . Most recent reply
Tax deduction on house hacked home warranty
I just bought my first home- a house hack! I would like to purchase a home warranty insurance. I was wondering if the cost of the warranty for the whole duplex (not just the cost of the rented side) is tax deductible. Thanks!
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Eamonn McElroy
#5 Tax, SDIRAs & Cost Segregation Contributor
#5 Tax, SDIRAs & Cost Segregation Contributor
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Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
#5 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- Atlanta, GA
No, just an amount apportionable to the rented unit is potentially deductible. The amount apportioned to your residence is a personal expense, and personal expenses are generally non-deductible.