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Whose name should be on the loan? deductable?
BYO sledge hammer, and spell checker apparently.- Peter_Tersteeg
- Post #6
- Forum: Accounting and Tax
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Whose name should be on the loan? deductable?
Deductibility of a loan is determined by the purpose, not the names on the loan. In this instance the purpose of the loan is to purchase a property owned by your wife. It stands to reason that destructibility would be assigned to her.- Peter_Tersteeg
- Post #2
- Forum: Accounting and Tax