I borrowed around 75K from my sister to purchase a house without interest. Can I deduct this from capital gain if I sell the property?
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No. The loan was without interest so there was no cost to you.
If you'd paid interest and the property had generated rental income, you might have been able to reduce your taxable income.
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No. The loan was without interest so there was no cost to you.
If you'd paid interest and the property had generated rental income, you might have been able to reduce your taxable income.
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