"Harlan Lunsford" <lunstax[at]belllsouth.net> wrote:
- quote -

Whoa nelly. Is not an IRA an investment, albeit a tax
deferred one? Irrespective of the tax treatment of
distributions, one enters into an IRA as an investment
vehicle.

- quote -

Agreed.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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aguy wrote:

- quote -

Interest paid JUST to invest in an IRA is not deductible.
Period.

Now, maybe IF you use your home equity line of credit to
obtain the funds, that interest MIGHT be deductible.

ChEAr$,
Harlan Lunsford, EA n LA

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In the book More Wealth Without Risk by Charles Givens it
was mentioned that if one borrows money to invest in an IRA,
then the interest on that loan is tax deductible. Is there
any truth to this? I have not been able to find any
information on this. I would appreciate your insight.

Thanks.

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