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.

posted

Connect with an expert

1 Best answer

Accepted Solutions

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

1 Reply

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

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.