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  1. Terry_w

    Is my loan now contaminated? (have I lost deductibility?)

    Don't take tax advice from a bank! No need for new loan numbers.
  2. Terry_w

    Is my loan now contaminated? (have I lost deductibility?)

    Yes there is a problem. The $50k loan interest is now not deductible. You have borrowed to invest into a savings account mixing the borrowed money with cash. It is not a contamination issue as all loans are separate. So what you could do is to pay $50,000 into the new loan (make sure this...
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