More details to this question:
I'm paying off our daughter's car loan (registered as such in a divorce decree). Are those payments tax deductible?
2 ANSWERS
Business/ Commercial Attorney serving Bellevue, WA
at
Lana Kurilova Rich PLLC
Update Your Profile
Nope, sorry. Such personal car loans are not tax deductible, unfortunately.
Answered on Oct 15th, 2013 at 3:53 AM
Taxation Law Attorney serving Glendale, CA
at
Irsfeld, Irsfeld & Younger LLP
Update Your Profile
No. If your daughter were paying the payments and the car was partly business-use, then she could deduct a portion of them. You can't.
Answered on Oct 14th, 2013 at 2:04 PM