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 business 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 about
your own situation.
You should also refer to IRS Publication 535 to learn more about
business expenses.
Check out Real Tax Tips at TReXGlobal.com to learn more about saving
time and money on properties and taxes.
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