What is prepaid interest definition
Define Prepaid Interest facts. Notion of only as it accrues. The one exception to this rule is for.

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Prepaid Interest Definition

What PREPAID INTEREST means: Interest paid in advance is deductible only as it accrues. The one exception to this rule is for certain points paid by a cash-basis taxpayer to obtain financing for a loan used to purchase, reconstruct, or improve his or her principal residence.

How works Prepaid Interest meaning in Tah definition P .