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Updated almost 7 years ago on . Most recent reply presented by

Benjamin Richards's profile image
Benjamin Richards's profile image
Benjamin Richards
  • Investor
  • from Nashua, NH
  • Member since Oct 1, 2016

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Benjamin Richards's profile image
Benjamin Richards's profile image
Benjamin Richards
  • Investor
  • from Nashua, NH
  • Member since Oct 1, 2016
Benjamin Richards
  • Investor
  • Nashua, NH
18
Votes |
37
Posts
Tax, SDIRAs & Cost Segregation

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?

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Lance Lvovsky's profile image
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Lance Lvovsky
  • Accountant
  • from Fort Lauderdale, FL
  • Member since Jun 5, 2013

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Lance Lvovsky's profile image
Lance Lvovsky's profile image
Lance Lvovsky
  • Accountant
  • from Fort Lauderdale, FL
  • Member since Jun 5, 2013
Lance Lvovsky
  • Accountant
  • Fort Lauderdale, FL
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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
    • 2 Votes
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