Can I report a loan that I received to purchase my goods?
If the loan was to purchase goods used in your business then you can deduct the interest on the loan. You can not deduct the loan amount on your taxes.
Can I report a loan that I received to purchase my goods?
If the loan was to purchase goods used in your business then you can deduct the interest on the loan. You can not deduct the loan amount on your taxes.
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