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Can I deduct interest payments I am paying my parents on a unsecured promissory note with a standard interest rate & is lawyer drafted used to purchase a rental property?
For 2018 Taxes.I am repaying my parents on a promissory note I used to purchase a investment rental property. The promissory note is lawyer drafted and has a standard interest rate. The property has never been used for personal use and has been a rental since purchase. If so, how would I do so within Turbotax?
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‎June 4, 2019
8:18 PM