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Level 2
June 5, 2019
Solved

Is IRS interest deductible for sch A?

  • June 5, 2019
  • 1 reply
  • 13 views
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Best answer by MichaelL1

No, it is considered personal interest and is not deductible on the Sch A. 

Home mortgage interest or home equity loans are Sch A deductible interest. 

1 reply

MichaelL1
MichaelL1Answer
Level 15
June 5, 2019

No, it is considered personal interest and is not deductible on the Sch A. 

Home mortgage interest or home equity loans are Sch A deductible interest.