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    leung-jasonwy
    New Member

    Is interest deductible on a loan to make ESPP contributions?

     
    posted
    ‎October 30, 2019 2:17 AM
    last updated ‎October 30, 2019 2:17 AM
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    TurbotaxRobert
    Level 2

    Is interest deductible on a loan to make ESPP contributions?

    Because an employee stock purchase plan (ESPP) is not a tax-sheltered plan, interest paid on a loan to participate in the plan is a deductible expense (carrying charges on investments).

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    ‎October 30, 2019 2:17 AM
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    1 Reply
    TurbotaxRobert
    Level 2

    Is interest deductible on a loan to make ESPP contributions?

    Because an employee stock purchase plan (ESPP) is not a tax-sheltered plan, interest paid on a loan to participate in the plan is a deductible expense (carrying charges on investments).

    ‎October 30, 2019 2:17 AM
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    732
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