topic I was told by a pawn shop manager that the interest I pay each month on my property is tax deductible. Is that true? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-was-told-by-a-pawn-shop-manager-that-the-interest-i-pay-each-month-on-my-property-is-tax/01/836912#M104782 The property in question is a variety of musical equipment...guitars, amplifiers, effect pedals, etc... Mon, 05 Aug 2019 18:01:48 GMT Vjmccauley9 2019-08-05T18:01:48Z I was told by a pawn shop manager that the interest I pay each month on my property is tax deductible. Is that true? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-was-told-by-a-pawn-shop-manager-that-the-interest-i-pay-each-month-on-my-property-is-tax/01/836912#M104782 The property in question is a variety of musical equipment...guitars, amplifiers, effect pedals, etc... Mon, 05 Aug 2019 18:01:48 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-was-told-by-a-pawn-shop-manager-that-the-interest-i-pay-each-month-on-my-property-is-tax/01/836912#M104782 Vjmccauley9 2019-08-05T18:01:48Z Re: I was told by a pawn shop manager that the interest I pay each month on my property is tax deductible. Is that true? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-was-told-by-a-pawn-shop-manager-that-the-interest-i-pay-each-month-on-my-property-is-tax/01/837211#M104801 <P>You were told wrong.&nbsp; The interest you pay on a personal loan is not deductible on a tax return.</P> Mon, 05 Aug 2019 19:57:26 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-was-told-by-a-pawn-shop-manager-that-the-interest-i-pay-each-month-on-my-property-is-tax/01/837211#M104801 DoninGA 2019-08-05T19:57:26Z Re: I was told by a pawn shop manager that the interest I pay each month on my property is tax deductible. Is that true? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-was-told-by-a-pawn-shop-manager-that-the-interest-i-pay-each-month-on-my-property-is-tax/01/837322#M104806 Don’t take tax advice from the pawn shop guy. Mon, 05 Aug 2019 21:42:56 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-was-told-by-a-pawn-shop-manager-that-the-interest-i-pay-each-month-on-my-property-is-tax/01/837322#M104806 xmasbaby0 2019-08-05T21:42:56Z Re: I was told by a pawn shop manager that the interest I pay each month on my property is tax deductible. Is that true? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-was-told-by-a-pawn-shop-manager-that-the-interest-i-pay-each-month-on-my-property-is-tax/01/837397#M104811 <P>I think it was back in 1986 that they did away with personal interest deduction.</P> Mon, 05 Aug 2019 23:03:28 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-was-told-by-a-pawn-shop-manager-that-the-interest-i-pay-each-month-on-my-property-is-tax/01/837397#M104811 Lisa995 2019-08-05T23:03:28Z