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Updated about 1 year ago on . Most recent reply

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214
Posts
90
Votes
Mario Morales
90
Votes |
214
Posts

landlord insurance premium tax deductible?

Mario Morales
Posted

From what I understand, you can deduct the entire premium as it is an expense to run the rental property. With prices going up so much, if this lowers your cashflow too much, I feel like you may not look profitable in the eyes of a lender. Am I missing something? Thanks

Most Popular Reply

User Stats

393
Posts
308
Votes
Jonathan Bock
  • Financial Advisor
  • Bryn Mawr, PA
308
Votes |
393
Posts
Jonathan Bock
  • Financial Advisor
  • Bryn Mawr, PA
Replied

Truth if you can not pass through your increasing expenditures with rent growth you will make less money comparatively.  

Jonathan Bock, CPA 

business profile image
Impact Advisors Group

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