home loans – mortgage refinance second mortage

August 19, 2009

20% cost of my home was financed thru personal installment loan. is the interest tax deductible?

Filed under: United States — Tags: Interest Tax, Irs, Mortgage Interest, Mortgage Loan, Personal Installment Loan, Personal Loan, Personal Tax, Reference — admin @ 7:19 am

Rohit D asked:


80% of the cost price was financed thru mortgage loan. So I have two notes, mortgage and installment loan. Can the interest on the installment loan tax deductible? If so can you please also provide reference to the source preferably IRS.

LANCE

Comments (1)

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