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New Member
posted Jun 5, 2019 10:44:55 PM

My banker gave me an unsecured loan to build my garage onto my house, can I deduct the interest on the loan

Is there any way I can deduct interest on an unsecured loan that I used to build my home and have the bills to prove it

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1 Best answer
New Member
Jun 5, 2019 10:44:57 PM

Unfortunately, the debt must be secured by your main home to be deductible.

1 Replies
New Member
Jun 5, 2019 10:44:57 PM

Unfortunately, the debt must be secured by your main home to be deductible.