Discussion:Cash Value Loans
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| 14 August 2007 | |
| I have a client that has various loans on his Cash Values of his life insurance. The proceeds of the loans was used for investment purposes. Is this interest deductible as investment interest on FOrm 4952? | |
| 14 August 2007 | |
| Where the money came from should have no bearing on what he did with it! Therefore, would the interest be deductible as investment interest on FOrm 4952 if he had taken the money out of his bank account? | |
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