Release Money Management » interest tax

Is a loan from a relative to purchase property tax deductable?

money — Fri, 07 Aug 2009 08:27:06 +0000

I am about to ask a relations for a loan to squeeze a land parcel for a destiny home site. you am starting to compensate behind a loan and seductiveness only as if it were from a monetary institution. Is a seductiveness taxation deductible? What office work would you have to pull up? What forms would be required? Would he/she have to compensate income taxation upon a earnings?

Is a loan from a relative to purchase property tax deductable?

money — Wed, 05 Aug 2009 21:46:32 +0000

Is student loan still tax deductable when refinancing a student loan with a personal loan?

money — Mon, 20 Jul 2009 01:45:21 +0000

My daughter has dual really tall seductiveness tyro loans. Her credit won’t let her do anything, though we can "refinance" it with me removing a loan regulating my credit. But is it still a "student" loan which she can deduct. She is creation a payments as well as her name will be additionally upon a loan (ironically, she will co-sign for me). This seems to be a little gray area once a loan gets changed around. Just wish to have certain a "chain of custody" still creates a brand new loan seductiveness taxation deductable. Hope this done clarity as well as interjection for your help.