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jdburdick1993
April 8, 2025
Question

Do I deduct all of my insurance premium or a portion if I am renting out a room in my house?

  • April 8, 2025
  • 1 reply
  • 0 views
I am renting out 1 room in my house which I also live in. Turbo tax is saying I can deduct the cost of insurance premiums, but it's not clear as to whether or not I deduct the full amount or if I can only deduct a portion based on how much of my house I rented out. I assume the latter is correct but I want to make sure if my thinking is accurate.

    1 reply

    A
    AnnetteB6
    April 8, 2025

    You can only deduct the portion of the insurance premiums attributed to the space that is rented.  

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