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sillygal
New Member

Took out personal loan to pay to prepare house for renting, how do i claim the interest paid on this loan?

I have claimed all the repairs when they happened in 2015.
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AmandaR1
New Member

Took out personal loan to pay to prepare house for renting, how do i claim the interest paid on this loan?

Personal loan interest isn't deductible. You cannot claim the interest paid on your loan; it doesn't matter that you paid for rental repairs as you can only deduct the actual costs that you claimed in 2015.

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AmandaR1
New Member

Took out personal loan to pay to prepare house for renting, how do i claim the interest paid on this loan?

Personal loan interest isn't deductible. You cannot claim the interest paid on your loan; it doesn't matter that you paid for rental repairs as you can only deduct the actual costs that you claimed in 2015.

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