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    #1

    Hurrican Wilma

    I have a new client. Received a SBA loan to make improvments to FL home after Hurricane Wilma. They have the year end interest statement but it is not a Form 1098. Is this interest deductible on Schedule A as mortgage interest?
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    #2
    Originally posted by cpabsd View Post
    I have a new client. Received a SBA loan to make improvments to FL home after Hurricane Wilma. They have the year end interest statement but it is not a Form 1098. Is this interest deductible on Schedule A as mortgage interest?
    I have a client with the same type of SBA loan. The loan was secured by the residence, therefore I deducted the interest as mortgage interest.

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