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Not applicable
posted Jun 1, 2019 6:52:47 AM

I purchased a second home by taking a loan from Edward Jones against one of my investment accounts. Can I show the interest as a mortgage loan?

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1 Best answer
Employee Tax Expert
Jun 1, 2019 6:52:49 AM

Unfortunately, no. In order to deduct the interest, the loan has to be secured by the second home.

1 Replies
Employee Tax Expert
Jun 1, 2019 6:52:49 AM

Unfortunately, no. In order to deduct the interest, the loan has to be secured by the second home.