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Q: Is repayment to the lender a tax issue?
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Is the repayment of debt outstasnding tax deductible?

No. Just like the receiving of the loan was not taxable.


What tax advantages regarding interest rates?

The tax advantages regarding interest rates is that there are tax deductions for the interests payable. This would translate to repayment of lower interest rates.


How does a lender use a credit card?

A lender can use a credit card in various different ways. They lender can issue the credit card and make money from the interest. The lender can also take credit card payments from the borrower.


A serial bond repayment plan involves a?

series of installments to retire the debt over the life of the issue


What is the difference between a loan and a mortgage?

A loan is a sum of money given by one party to another that has to be repaid according to the terms of the loan.A mortgage loan uses real property as collateral to guarantee repayment of the loan. The borrower transfers an interest in their real property to the lender during the life of the loan. When the loan is paid off the lender releases its interest. If the loan is not paid off the lender can take possession of the property by foreclosure.A loan is a sum of money given by one party to another that has to be repaid according to the terms of the loan.A mortgage loan uses real property as collateral to guarantee repayment of the loan. The borrower transfers an interest in their real property to the lender during the life of the loan. When the loan is paid off the lender releases its interest. If the loan is not paid off the lender can take possession of the property by foreclosure.A loan is a sum of money given by one party to another that has to be repaid according to the terms of the loan.A mortgage loan uses real property as collateral to guarantee repayment of the loan. The borrower transfers an interest in their real property to the lender during the life of the loan. When the loan is paid off the lender releases its interest. If the loan is not paid off the lender can take possession of the property by foreclosure.A loan is a sum of money given by one party to another that has to be repaid according to the terms of the loan.A mortgage loan uses real property as collateral to guarantee repayment of the loan. The borrower transfers an interest in their real property to the lender during the life of the loan. When the loan is paid off the lender releases its interest. If the loan is not paid off the lender can take possession of the property by foreclosure.

Related questions

Where can I find a 140 tax calculator online?

You can go to irs.gov and use your tax repayment calculator. You can also go to your banking institution and have them use their repayment calculator as well.


When do united cash loans have to be repaid?

A loan from United Cash Loans can vary in repayment times. They vary because every lender is different and they each have the ability to set their own time frame for repayment. The typical repayment is about two weeks.


Does the lender issue an estoppel certificate?

yes


Can a mortgage payment be paid every Friday instead of once a month?

You need to discuss that issue with your lender.You need to discuss that issue with your lender.You need to discuss that issue with your lender.You need to discuss that issue with your lender.


What is the legal definition of self-cert mortgages?

The legal definition of a self-cert mortgages is where the owner/buyer transfers to the lender an interest in real estate allowing the lender to secure a repayment of their debt.


Can you claim tax for repaying educational loan?

Yes. Repayment of Education Loan amount is eligible for tax deductions as per sec 80 E of Indian tax laws. You can show proof of repayment of education loan and that amount would be deducted from your salary for taxation purposes.


Is the repayment of debt outstasnding tax deductible?

No. Just like the receiving of the loan was not taxable.


Where in the Bible is the Jewish money lender who asked for a pound of flesh as a surety for repayment?

A:This is not from the Bible, but from a play written by Shakespeare and is entirely fictional.


What tax advantages regarding interest rates?

The tax advantages regarding interest rates is that there are tax deductions for the interests payable. This would translate to repayment of lower interest rates.


What is a buydown?

A buydown is an accelerated repayment of the principal of a loan, or a payment made by a third-party to a lender to reduce some or all of the payments otherwise required.


How does a lender use a credit card?

A lender can use a credit card in various different ways. They lender can issue the credit card and make money from the interest. The lender can also take credit card payments from the borrower.


A serial bond repayment plan involves a?

series of installments to retire the debt over the life of the issue