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Jim10180
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Can I claim interest paid on a personal loan through lending club ?

 
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NicoleU
New Member

Can I claim interest paid on a personal loan through lending club ?

No, personal interest is interest you pay for goods and services you don't use for work or business-related purposes. Although not an exhaustive list, common examples include buying clothes, electronic equipment, cars and food using a credit card. When you make monthly payments that include interest, it is always nondeductible personal interest.




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