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March 6, 2025
Question

Where do I enter the home and car insurance deduction?

  • March 6, 2025
  • 1 reply
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I have a farm

    1 reply

    March 6, 2025

    Your personal auto insurance that is not for a vehicle used for the farm is not deductible as a farm expense.

     

    Your home insurance, would only be deductible if it covers the farm and only for the part that covers the farm, not just your personal property.  

     

    If these are Farm expenses, then they are deductible on Schedule F. 

     

    Don't deduct the following. •" Personal or living expenses (such as taxes, insurance, or repairs on your home) that don't produce farm income. • Expenses of raising anything you or your family used that would not have otherwise been deductible as an expense except for the presence of the income-producing farm activity"

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