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May 15, 2021
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BOX 8 HAS MY ADDRESS SECURING THE LOAN DOES THAT MEAN I'M ENTITLED TO CLAIM THE INTEREST?

  • May 15, 2021
  • 1 reply
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Best answer by 7777gt

Yes I'm the borrower so I'm entitled. Thank you for your feedback.

1 reply

May 16, 2021

The address on a loan document or form has no bearing on who might be able to claim an interest deduction.

 

Are you the "borrower", i.e. are you personally liable for repaying the loan?

 

If you are the "borrower", then you can claim the interest (assuming it is otherwise deductible).

7777gt AuthorAnswer
May 18, 2021

Yes I'm the borrower so I'm entitled. Thank you for your feedback.