QUESTION: I have a Partnership agreement with my parents for a rental property business that says we split the income 90% to them and 10% to me. I am personally loaning money to the Partnership to cover many of the expenses and was wondering if the interest is 100% tax-deductable? Or is there a relationship between the 90/10 split to how much of the interest I can claim? Thanks! --------------------------------------------------------------------------- david ingram replies: If you are loaning money to the partnership with an eventual rental profit in the future, 100% of the interest is deductible for you. ---------------------------------- David Ingram's US / Canada Services US / Canada / Mexico tax, Immigration and working Visa Specialists US / Canada Real Estate Specialists My Home office is at: 4466 Prospect Road North Vancouver, BC, CANADA, V7N 3L7 Cell (604) 657-8451 - (604) 980-0321 Fax (604) 980-0325 Calls welcomed from 10 AM to 9 PM 7 days a week Vancouver (LA) time - (please do not fax or phone outside of those hours as this is a home office) email to taxman at centa.com <mailto:taxman at centa.com> www.centa.com <http://www.centa.com/> www.david-ingram.com <http://www.david-ingram.com/> Disclaimer: This question has been answered without detailed information or consultation and is to be regarded only as general comment. 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