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- Mon Jan 24, 2011 3:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Interest Expense deductible for Immigrant Investor Program?
- Replies: 1
- Views: 1910
Interest Expense deductible for Immigrant Investor Program?
Not sure if anyone knows how this works. Basically, you give the bank $120k and then they take that as a fee\interest for putting up the money for 5 years for the IIP. Can this interest cost be deducted as an investment expense?