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.**