Deducting Life and Health Insurance Payments on Taxes?

Can I deduct Life or Health Insurance Payments on my Taxes?

If you own rental property, you may be able to deduct life and health insurance payments on your taxes.

What?

Costs to insure rental property are deductible...

Huh?

Depending on how you structure your rental business, you may be able to cover your life and medical insurance as part of the rental business...

Okay...

Structuring your rental property business as a Limited Liability Company (LLC) may permit you to deduct these costs for you and your family...

Right...

You may want to refer to IRS Publication 535 to learn more about business expenses. Be sure to consult with a tax advisor to consider your specific circumstances.

To learn more about how to take control of your Real Estate Investments and Taxes, check out RealTaxTips at TReXGlobal.com.

Posted Wednesday Aug 13

Niman Singh
TReXGlobal

Niman Singh: Real Estate Media in Fremont, CA

Office: (510) 790-9066

Director of Operations @ TReXGlobal.com.

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Deducting Life and Health Insurance Payments on Taxes?

Niman SinghTReXGlobal

Recent posts by Niman

Niman Singh
TReXGlobal