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Updated almost 10 years ago on . Most recent reply

User Stats

82
Posts
22
Votes
Nick Lee
  • Investor
  • Chorley, Lancashire
22
Votes |
82
Posts

Is seller finance tax deductible?

Nick Lee
  • Investor
  • Chorley, Lancashire
Posted

Hi Guys,

If I buy a deal with seller finance can I deduct the interest payments as I would with a standard mortgage?

I know you should not count this phantom income and I will not factor this in to anything. Just wondered if it is a deduction?

Look forward to your replies

Nick

Most Popular Reply

User Stats

82
Posts
22
Votes
Nick Lee
  • Investor
  • Chorley, Lancashire
22
Votes |
82
Posts
Nick Lee
  • Investor
  • Chorley, Lancashire
Replied

Hi Rob,

Thanks again for your input. I was talking about me buying from a seller who owns a property outright and paying over x amount of years and an agreed percentage rate

Nick

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