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3 replies

E
Alumni - Champ
ee-eaAlumni - Champ
Alumni - Champ
March 17, 2022

You can't, it is not deductible.

M
Level 15
Mike9241Level 15
Level 15
March 17, 2022

business credit card interest related for business expenses is deducted on schedule C as interest - specifically line 16b

 

 

if you use the CC for both personal and business, no interest may be deductible because any payments would first go to pay off personal items

 

J
JillS56
Level 10
March 17, 2022

Credit card interest is not deductible on an individual (personal) return.  Business credit card interest related to business expenses can be deducted on Schedule C.   If the credit card is used for both personal and business, it cannot be deducted.

 

@kguip

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