turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

mkartz
New Member

I took out a line of credit loan secured by my investment account to buy a second home can I deduct the interest?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I took out a line of credit loan secured by my investment account to buy a second home can I deduct the interest?

No since the loan is NOT secured by the home. 

View solution in original post

3 Replies

I took out a line of credit loan secured by my investment account to buy a second home can I deduct the interest?

No since the loan is NOT secured by the home. 

I took out a line of credit loan secured by my investment account to buy a second home can I deduct the interest?

Greetings....Check out these blank ATM cards today. My name is Steven Lugard from California. A successful business owner and father. I got one of these already programmed blank ATM cards that allows me withdraw a maximum of $5,000 daily for 30 days. I am so happy about these cards because I received mine last week and have already used it to get $20,000. Mr Thomas Grant of blank atm cards is giving out these cards to support people in any kind of financial problem. I must be sincere to you, when i first saw the advert, I believed it to be illegal and a hoax but when I contacted Mr Thomas Grant, he confirmed to me that although it is illegal, nobody gets caught while using these cards because they have been programmed to disable every communication once inserted into any Automated Teller Machine(ATM). If interested contact him as soon as possible (freeblankatmcards @gmail. com)

I took out a line of credit loan secured by my investment account to buy a second home can I deduct the interest?

Greetings....Check out these blank ATM cards today. My name is Steven Lugard from California. A successful business owner and father. I got one of these already programmed blank ATM cards that allows me withdraw a maximum of $5,000 daily for 30 days. I am so happy about these cards because I received mine last week and have already used it to get $20,000. Mr Thomas Grant of blank atm cards is giving out these cards to support people in any kind of financial problem. I must be sincere to you, when i first saw the advert, I believed it to be illegal and a hoax but when I contacted Mr Thomas Grant, he confirmed to me that although it is illegal, nobody gets caught while using these cards because they have been programmed to disable every communication once inserted into any Automated Teller Machine(ATM). If interested contact him as soon as possible (freeblankatmcards @gmail. com)

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question