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I have income from seller-financed interest. i pay a service company to service the loan, can i deduct the amount paid to the service company?
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No, you can't.
Unfortunately, fees to collect interest and dividends that may have been allowable as Miscellaneous Deductions Subject to the 2% AGI Limitation are no longer deductible.
Please see Expenses You Can’t Deduct in IRS Publication 529 (12/2019), Miscellaneous Deductions.
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