I had a hard money loan for the first 8 months of owning my home. Can I count that interest paid?

posted

Connect with an expert

1 Reply

I had a hard money loan for the first 8 months of owning my home. Can I count that interest paid?

Yes, if the loan is secured by your property, you can deduct the interest paid in 2016.

To enter mortgage interest

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Under Your Home
On Mortgage Interest, click on the start or update button

Still have questions?