Interest expense attributable to a loan on a life insurance policy may be deducted as long as the proceeds are used to purchase a new residence.

Name: Interest expense attributable to a loan on a life insurance policy may be deducted as long as the proceeds are used to purchase a new residence.
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Interest expense attributable to a loan on a life insurance policy is generally not deductible, regardless of how the proceeds are used.

Interest Expense Attributable to a Loan on a Life Insurance