Can I deduct interest paid on a loan from life insurance? Where on the tax form is this?
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weissler4761
New Member

Can I deduct interest paid on a loan from life insurance? Where on the tax form is this?

 
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AnnaB
New Member

Can I deduct interest paid on a loan from life insurance? Where on the tax form is this?

No, that would be a personal expense.  The loan was not taxable to you when you received it (neither are life insurance proceeds); therefore, you would not get a deduction for the related interest.

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