Any tax experts out there ?
If a loan is in joint names (ie myself and my wife) but the loan is used to buy shares in only one of the names, is the interest on the loan deductible:
- 100% to the owner of the shares
- only 50% to the owner of the shares, with the other 50% non deductible
- 50% deductible to both parties ?
Any tax experts out there ?If a loan is in joint names (ie...
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