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I think you misunderstand how these loans work On an IO loan the interest is calculated on the daily balance and added to the loan monthly. With a 100% offset account the amount in the savings account offsets the daily interest. Same with a LOC. If you had a $100,000 loan with $100,000 in the...

Would depend on the circumstances. You cannot reimburse yourself.

As a tax lawyer I would say your interest on that $100k would not be deductible.