I have a private home loan. Would it be considered secured? Turbo tax is telling me that I can't detect the interest.

[paul-oakey]

Since the loan is private, I do not have a 1098 form.  Is there a minimum amount of interest paid to be considered deductible?  The amount is less than $1,000.

[Vanessa]

No, there is not a minimum amount of interest that is deductible if the total of your interest and other itemized expenses are greater than your standard deduction which is $12,000 for single, $18,000 for Head of Household or $24,000 for Married Filing Jointly.  

In order for the private loan to be secured, it must meet the criteria below.  If it does not, then the loan would not qualify. 

"You can deduct your home mortgage interest only if your mortgage is a secured debt. A secured debt is one in which you sign an instrument (such as a mortgage, deed of trust, or land contract) that:

• Makes your ownership in a qualified home security for payment of the debt;

• Provides, in case of default, that your home could satisfy the debt; and

• Is recorded or is otherwise perfected under any state or local law that applies". https://www.irs.gov/publications/p936#en_US_2018_publink1000229898