I guess I made the question very confusing even though the final answer may or may not be the same here is the question in more understandable form
Question Rephrased: If you take a loan in 2020 (not a mortgage), loan used fully to buy a condo can you deduct the interest on the loan?
If loan was for $150,000 can you deduct the full interest for the year or are you limited to interest on only $100,000?
Can you also steer me where I can see the answer in print
Thank you for your help - Sorry my first questions were not to the point
BocaBruce
[email address removed]
