Non-deductible interest paid on personal debt such as auto loans, credit card debt, installment loans, or interest paid on outstanding taxes. Any of the above expenses, when incurred in the process of operating a business may be deductible.
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Any interest that is not home mortgage interest, investment interest, or business interest. The tax deduction for personal interest expense was completely.
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... used for personal purposes ($19,133) from the time you withdrew it until you either repay it or reallocate it to another use is personal interest expense.
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... from the time you withdrew it until you either repay it or reallocate it to another use is personal interest expense. The interest charged on the loan proceeds you ...