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shelley
New Member

My boat is my primary residence. I live in Texas. The loan is owner financed. Can I deduct interest on the owner financed loan payment?

 
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1 Reply
Coleen3
Intuit Alumni

My boat is my primary residence. I live in Texas. The loan is owner financed. Can I deduct interest on the owner financed loan payment?

Yes, it counts as a home for mortgage interest purposes. You can deduct the interest on Schedule A.,

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