I have an insurance policy on my engagement ring. Do I need to include this in my taxes if so where do I enter it?

denised106 · ‎June 4, 2019

HelenaC · ‎June 4, 2019

No, engagement ring insurance is not tax deductible.

If you lose your ring and your insurance company gives you money to buy a new ring, you generally don't have to claim the money on your income tax return. It is not taxable.

Related information: 2016 Publication 547 - IRS.gov

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HelenaC · ‎June 4, 2019

No, engagement ring insurance is not tax deductible.

If you lose your ring and your insurance company gives you money to buy a new ring, you generally don't have to claim the money on your income tax return. It is not taxable.

Related information: 2016 Publication 547 - IRS.gov

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I have an insurance policy on my engagement ring. Do I need to include this in my taxes if so where do I enter it?

I have an insurance policy on my engagement ring. Do I need to include this in my taxes if so where do I enter it?

I have an insurance policy on my engagement ring. Do I need to include this in my taxes if so where do I enter it?

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I have an insurance policy on my engagement ring. Do I need to include this in my taxes if so where do I enter it?

I have an insurance policy on my engagement ring. Do I need to include this in my taxes if so where do I enter it?

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