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    tmarx68's Avatar
    tmarx68 Posts: 1, Reputation: 1
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    #1

    Jul 21, 2007, 10:38 AM
    Contract for deed
    I am entering into a contract for deed will I be able to write off the interest I will be paying on my taxes?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jul 21, 2007, 10:58 AM
    Assume this is for your personal residence and the house serves as collateral.

    If so, then, yes, you CAN deduct the interest paid.
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