Making Health Insurance a Rental Expense

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Tax Tip

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Mar 5, 2009, 6:17:52 AM3/5/09
to realestateQA
Costs to insure rental property are deductible, so 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.

Structuring your rental property as a Limited Liability Company (LLC)
may permit you to deduct these costs for you and your family, but you
should talk to a tax advisor to find out more.

You can also refer to IRS Publication 535 to learn more about business
expenses.

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time and money on properties and taxes.
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