Posted by big fred on February 10, 2012 at 11:34:41 from (97.113.184.150):
In Reply to: Tax deduction posted by James Williams on February 10, 2012 at 06:17:26:
It could be if your car is being paid for with a home equity loan. In that case it's deductible as mortgage interest. But that only applies if the loan is secured by your equity in your home and not if it's secured by the car.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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