Generally, so you’re able to allege the eye deduction it’s important getting liable for the note
Generally, so you’re able to allege the eye deduction it’s important getting liable for the note Sec. 163(h) allows a deduction for attention paid towards purchase indebtedness with the taxpayer’s personal household. step 1 However, Regs. Sec. step one. 163 – 1 (b) provides that interest the brand new taxpayer paid back towards home financing …