cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

repayment on a defaulted loan

I co signed on home loan for my son he defaulted and I had to pay. Am I able to deduct that amount that I paid on my tax return

2 Replies
Highlighted
Level 12

repayment on a defaulted loan

Who owns the house? 

Highlighted
Employee Tax Expert

repayment on a defaulted loan

Was the home used for personal or business use?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"