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By definition a personal loan is not secured by anything but your... that is the case, the interest on it is NOT deductible . If the 20% loan is actually a mortgage loan, i.e. it ...
2 Answers · Business & Finance · 03/01/2008
... circumstances. Even if it doesn't meet the definition of an employment expense, you still have the Hope and the Lifetime ...
3 Answers · Business & Finance · 17/01/2008
... else assumes you have some tax preparation knowledge and understand some definitions . The key phrase is POTENTIALLY tax deductible . If something is said to be " tax deductible " that ...
4 Answers · Business & Finance · 28/06/2010
First off, the mortgage itself is NOT tax deductible , only the interest on the loan. You can legally deduct mortgage interest on ...
1 Answers · Business & Finance · 19/02/2010
No. To be deductible the loan must be secured by the property. By definition a personal loan has no security other than the borrower's word so the interest is not deductible .
5 Answers · Business & Finance · 21/02/2010
These costs cannot be used on your tax return. Educational costs must meet the definition of qualifying educational expenses to be used either for the...
2 Answers · Business & Finance · 14/02/2009
... Part II for more detailed definitions of grandfathered, home acquisition, and home equity debt...check whether your home mortgage interest is fully deductible . This image is too large to be ...
2 Answers · Business & Finance · 10/04/2009
... 4 are not taxes . The last one is a tax . Tax deductible means you do not pay tax on it. You subtract it from your other...
1 Answers · Business & Finance · 07/09/2010
...partially deductibe. Costumes typically aren't tax deductible . If they are suitable for every day wear they...public doesn't mean it fits the IRS definition of not suitable. In all liklihood none of your...
5 Answers · Business & Finance · 30/04/2010
... only. That's the "textbook" definition . Even with the exclusion on cosmetic procedures...stripper or lipo-suction for a runway model here) then it's also deductible . Finally, even with most cosmetic procedures...
2 Answers · Business & Finance · 15/05/2008
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