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Tax, SDIRAs & Cost Segregation

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Kyle Seidel
  • Rental Property Investor
  • Green Bay, WI
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50
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Can you Write off Life Insurance Interest used for a down payment

Kyle Seidel
  • Rental Property Investor
  • Green Bay, WI
Posted Jul 25 2019, 14:47

Hello, I live in Green Bay full time and recently bought a short term vaca rental condo in Nashville where I have a property management company run it. For me to swing the down payment I took some money out of my life insurance. Am I able to write off that life insurance interest on taxes since it went directly to my down payment on a investment property that I don't occupy? Thanks!

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