Quote:
Originally Posted by legion
Can you afford to write off the $6k?
If the answer is "no", then do not consider loaning the money.
|
I need to talk to my CPA to see if I can deduct it. I am borrowing the $ on my line of credit, which the interest is deductable.. The LTV on my house is less than 20% so financially I cant be hurt, but i could be hurt emotionally.