Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
klambert1261
New Member

Can I deduct home equity loan interest paid if the loan was taken out in a divorce settlement? The loan was used to pay my ex a portion of home value.

 
1 Best answer

Accepted Solutions
Ashby
New Member

Can I deduct home equity loan interest paid if the loan was taken out in a divorce settlement? The loan was used to pay my ex a portion of home value.

Yes, because that would be taken out to "buy" your home. Any interest used to buy, build, or improve your home is deductible.

View solution in original post

1 Reply
Ashby
New Member

Can I deduct home equity loan interest paid if the loan was taken out in a divorce settlement? The loan was used to pay my ex a portion of home value.

Yes, because that would be taken out to "buy" your home. Any interest used to buy, build, or improve your home is deductible.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~