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February 12, 2012
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Response To: Financing (ezmark - 11/23/1999 06:46 AM)
Main Topic:

Interest-Free Financing Powered By Faith


Tax Issues
Posted By: OurBroker - 11/24/1999 07:59 PM

Mark --

Thanks for your note.

You raise a good issue.

I am not a tax authority, but for what it may be worth, I would offer these ideas.

In the case of Habitat, there is no interest to deduct because there is no interest. Habitat is a chairty and thus would not pay an income tax anyway.

In the case of Manzil, their web site says there may be a tax deduction. I am not sufficiently familiar with their program to comment and would suggest that anyone interested is best advised to contact a tax professional for details.

All the best.

Peter G. Miller
OurBroker(r)


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