Does credit card interest count for investment interest itemized deduction?

onlinetax · ‎February 7, 2024

I already read this article, but I'm still trying to figure out if credit card interest actually qualify for the deduction.

MinhT1 · ‎February 7, 2024

No.

Credit card interest used for personal purchases isn't tax-deductible. It doesn't count as investment interest.

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MinhT1 · ‎February 7, 2024

No.

Credit card interest used for personal purchases isn't tax-deductible. It doesn't count as investment interest.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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