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February 13, 2022
Question

Can I deduct 100% of the interest on a loan that I co-own and pay 100% of the payments (principal and interest.)

  • February 13, 2022
  • 1 reply
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1 reply

Hal_Al
Employee
February 13, 2022

What kind of loan? For most people only mortgage interest, on you home, or student loan interest are deductible. The student must be yourself, your spouse,  or your dependent or someone who was your dependent back when the money was used for school