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Q&A: Can you write off hazard insurance for investment property?

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Question by thewards_ihs: Can you write off hazard insurance for investment property?

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Answer by Wendy S
Is the property income producing? Usually you can write of taxes, interest, insurance and other items on schedule D for investment properties. There are several questions that must be answered to qualify but yes generally speaking you may. You need to go to www.IRS.gov and look up information on investment properties.

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