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Updated about 6 years ago on . Most recent reply presented by

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37
Posts
18
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Benjamin Richards
  • Investor
  • Nashua, NH
18
Votes |
37
Posts

Interest deduction on private loan

Benjamin Richards
  • Investor
  • Nashua, NH
Posted

I'm working on some hard money financing with a family member to do a deal.

Under what circumstances, if any, are my interest payments tax deductible?

Most Popular Reply

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1,407
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754
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Lance Lvovsky
  • Accountant
  • Fort Lauderdale, FL
754
Votes |
1,407
Posts
Lance Lvovsky
  • Accountant
  • Fort Lauderdale, FL
Replied

@Benjamin Richards

Interest tracing rules govern. Hard money used to acquire real estate. Interest is tax deductible.

  • Lance Lvovsky
  • Loading replies...