Last year my wife and I purchased a home. Part of our downpayment came from a 401k loan. I watched a show on CNBC this evening that said that the interest on a 401k loan is tax deductible if it is used for the downpayment on a home. I searched the IRS web site but couldn't find anything on this. Is this true? If so, which form do I use? Are the any other rules or income limitations? Thanks in advance.
- posted
19 years ago