Can you Write off Life Insurance Interest used for a down payment

[Kyle Seidel]

Hello, I live in Green Bay full time and recently bought a short term vaca rental condo in Nashville where I have a property management company run it. For me to swing the down payment I took some money out of my life insurance. Am I able to write off that life insurance interest on taxes since it went directly to my down payment on a investment property that I don't occupy? Thanks!

[Kyle Seidel]

Thanks @Zachary Paschke! @Thomas Rutkowski Even if I took out a loan on my life insurance which strictly went to help finance my down payment on an investment property it's not tax deductible? I agree that using life insurance is a great tool to help get properties quicker- without this option I wouldn't be able to have done this until next year. Glad to see a fellow Packer fan- hoping to make it to one of their public practices here asap!