Home Buying in 19103>Question Details

S, Home Buyer in 19102

Can you take a mortgage out from relatives (2 sets of parents) and deduct interest from your taxable income?

Asked by S, 19102 Mon May 25, 2009

income/tax deduction

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Answers

1
If you have a contract and meet the terms I wouldn't see why not. I would definitely seek the advise of an accountant. Tax rules change constantly.
The very best of luck to you!
Michael

Michael D Delp
Mortgage Pro
4802 Old Bethlehem Pike,
Telford Pa. 18969
Ph- 215-453-1025
Fax- 215-453-1012
Cell- 610-762-0318
michaelddelp@aol.com
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http://www.mortgagepro.instantlender.com
0 votes Thank Flag Link Wed May 27, 2009
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