Is interest from a home purchased through a Bank loan tax deductible?

July 10th, 2010 | Posted under Loans.

Question by sukcorb: Is interest from a home purchased through a Bank loan tax deductible?
I recently purchased a home through a Bank Loan. Will the interest paid on the loan this year be tax deductible?

Best answer:

Answer by shamrock65@verizon.net
YES IT’S TAX DEDUCTIBLE

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