http://www.homelogica.com/homeowner-insurance-deductible.html
Is the assessment of insurance, homeowner's deductible on my return from Louisiana?
I use TurboTax for my return this year. I live in Louisiana. I was invited to enter Info Insurance homewoner's MY 2008. He then asked the Fair Plan regular assessment amount. My landlord says: "2005 LA Fair Assessment of Emergency Plan: $ 150. Is what I am propmted enter? Is this what is deductible?
Instructions of the form R-540INS information about the amounts of assessment and Insurance Declaration Page – The amount of this assessment may appear as separate line items on what is referred to as the "Declaration Page "of your property insurance premium notice. The declaration page names of policyholders, describes the property or responsibility to be insured, the type of coverage and policy limits. Depending on the location of the insured property, these expenses may be heading listed as follows: Louisiana Citizens FAIR Plan Regular Assessment, the citizens of Louisiana FAIR Plan Emergency Assessment, citizens of the areas Louisiana Coastal Plan Regular Assessment and / or Louisiana Citizens Coastal Plan Emergency Assessment. Your Total credit allowable is the total of such amounts, if indicated on the Declaration page. Important note: If you are a customer of Citizens of Louisiana and the insurance company that you paid the tax exempt surcharge, the surcharge may not be claimed.
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