Can i deduct interest i paid on my credit card (balance transfer for investment purpose) ?

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2007-04-15 16:29:02 · 1 answers · asked by David 1 in Business & Finance ➔ Taxes ➔ United States

i do not have any business just put money in CD.

2007-04-15 16:34:45 · update #1

If you can substantiate the investment use of the funds, yes. But only to the extent of the income from the investment.

2007-04-15 16:32:56 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 1⤋