Solved
I purchased a motor home in 2016 and borrowed money from my bank is the interest on the loan deductible? As far as I know the loan is an unsecured loan from my bank.
No text available
For mortgage interest to be deductible, the mortgage loan must be a secured debt on a qualified home in which you have an ownership interest.
Interest on an unsecured loan is not deductible.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
