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Level 1
Mar 22, 2020 6:14 PM UTC
Question

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

    Level 15
    Mar 23, 2020 12:47 AM UTC

    Who owns the house? 

    Alumni - Intuit
    Mar 23, 2020 4:00 PM UTC

    Was the home used for personal or business use?

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