turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

njfawaz
New Member

Can I deduct a builders risk insurance policy I purchased for the construction of our new home?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MargaretL
Expert Alumni

Can I deduct a builders risk insurance policy I purchased for the construction of our new home?

No, you cannot deduct builders risk insurance premiums unfortunately.  They are considered personal expenses and are not tax deductible. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question