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pmatzke1
New Member

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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RichardG
New Member

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

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

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1 Reply
RichardG
New Member

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

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

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