Interest Paid on a Loan Taken Out on a Life Insurance Policy
TP-163.1-V
This form is to be used by an individual who wishes to deduct, as an expense incurred to earn business or property income, the interest paid in the year on a loan taken out on a life insurance policy.
2013-03 version
Follow the instructions below before clicking the Fillable PDF Document button at the bottom of the page.
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Download Adobe Reader. If the software is already installed on your computer, go directly to step 4. If you don't want to install Adobe Reader, click the PDF Document button, print the form, complete it by hand and mail it to us.
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After downloading and installing Adobe Reader, close it.
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Select Save link as.
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Save the document to your desktop or the folder of your choice. Do not open the document in the download screen that appears.
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Click Open with and select Adobe Reader.
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Complete and save the PDF.
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Follow the instructions to file the form.