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Deductions & credits
I was pointing that out because many parent/child loans are done informally and probably do not meet the requirements of a "secured loan". Since a secured loan clouds the title of a property, a title search should show the amount of a secured loan and loan holder in most jurisdictions.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 4, 2019
8:25 PM