Insurance Term:

Increased Tax Liability for Rental Income

Increased Tax Liability for Rental Income

Landlords can deduct many expenses on their income tax return. These include property taxes, mortgage interest, maintenance, and repairs and cleaning. Homeowners insurance on a rental house also can be deducted on Schedule E (Supplemental Income and Loss). It will be added to your other expenses and become your deductible from your annual rental income.


Back to all
Subscribe to our newsletter
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.