How do I deduct interest payments on a Business Line of Credit

[melissa6]

THis was provided alongside the HELOC - which has since been paid off.  I have the full balance due on the Line of Credit 

- is that deductible even though the LLC was closed in 2018

[SherylSTaxExpert · Accepted solution]

Interest payments on a business line of credit would be deductible for the period up until the business was closed. The interest would be reported under "interest expense" .