Loan Tax Deduction

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andrew martin

Loan Tax Deduction

Post by andrew martin » Thu Sep 08, 2005 11:55 am

I'm getting mixed messages. Is the intertest on a MH loan a tax deduction if the MH is the owner's primary residence?

Thanks,

Andrew

rmurray

Re: Loan Tax Deduction

Post by rmurray » Thu Sep 08, 2005 7:32 pm

The interst is deductable on all home loans...primary or 2nd vaction homes are ok as well...Even the interst on a motorhome and houseboat are deductable.

Be sure you get good personal advice from a proper tax professional.....

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