I paid interest on loan from my life insurance company, Northwestern Mutual, but did not receive a 1098 is this amount deductible.

[DS30 · Accepted solution]

Unfortunately no, interest paid on a loan against your life insurance policy is considered by the IRS to be a personal interest expense that is not deductible for income tax purposes. You will not receive a Form 1098 related to this loan. (Form 1098 is a Mortgage Interest Statement only.)

[sean2]

What if the loan was for a rental. Can you deduct the interest?