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  • Re: My parents loaned me monety to buy property. we have a notarized loan statement and i am paying them back with interest. how do i account for this on my tax return
Mike9241
Level 15 Mike9241
Level 15
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Deductions & credits

if the property is not security for the loan you do not have deductible mortgage interest.

 

‎April 7, 2023 6:43 PM
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