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Wendy Reed
Wendy Reed, Enrolled Agent
Category: Tax
Satisfied Customers: 3346
Experience:  15+ years tax preparation and tax advice.
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Is hazard insurance deductible on your tax return

Customer Question

My 1098 from my lender listed the amounts I paid in mortgage interest, property tax, and hazard insurance. What am I supposed to do with the hazard insurance ????
Submitted: 9 years ago.
Category: Tax
Expert:  Wendy Reed replied 9 years ago.

Hello there,

If this is your residence, and you do not have rental or business use of the home, the hazard insurance is not deductible.

If this is a rental property, the hazard insurance is deductible under insurance on Schedule E under "insurance".

Wendy Reed and other Tax Specialists are ready to help you
Customer: replied 9 years ago.
Expert:  Wendy Reed replied 9 years ago.
Your welcome, Thanks for using JA

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