Category: Deductions & Credits Copyright 1998, The Tax Resource Group. All rights reserved. Telephone 800-578-3498. Internet: www.taxresourcegroup.com Regarding your memo of 12/8/95 in reference to the deductibility of interest expense on loans against a life insurance policy which loans were used to fund premiums on the policy, I believe that Section 264 applies and would operate to deny any deduction with respect to this interest. See Section 264(a)(3) and Section 264(c)(1). Please call me at your convenience. I want to make sure I am not missing something. |
