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Updated almost 10 years ago,

User Stats

9
Posts
5
Votes
Chelsy S.
  • Specialist
  • Charlotte, NC
5
Votes |
9
Posts

Louisiana Citizens Fair Plan Assessment - Tax Deductible on Rental?

Chelsy S.
  • Specialist
  • Charlotte, NC
Posted

First timer for tax filing as a landlord.... 

I know I can deduct the property insurance as an expense, but my question is regarding the credit for the LA Citizens FAIR Plan charge which is on all Louisiana policies. I'm guessing that it can also be credited? Is there a reason I shouldn't. 

I should still be eligible for the credit for a partial year at least, (it's a primary residence with partial year tenant agreement) but breaking it down may not be worth the pain/complication of filing since it's less than $50. 

Thoughts from those in state?

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