TSP LOAN Interest

[Andrew Grieb]

BP,

So last year I took a TSP (thrift savings plan) loan out of my TSP retirement account to fund some real estate transactions. The loan from my TSP gets paid back to my account and it pays the account 2% interest ((or I pay 2% on borrowing the money from the retirement account). This money is taken out of taxed income on my W2; shouldn't that mean that I can claim that interest on my taxes as a business expense?