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So you gave someone money so they could buy a property ??? Are you a partner in the business ? Is there proper loan paperwork for this transaction ? Are they going to pay you interest ? Did your sole prop business make the loan ?
It's not an expense any way you look at it. When you loan money, that money is still "your" money and it's assumed you already paid taxes on it. However, when it's paid back you are expected to charge interest, report that interest as income and pay taxes on it. If you don't charge interest, then you will still pay taxes on "imputed interest".
Here's some detailed info on "imputed interest":
https://turbotax.intuit.com/tax-tips/tax-payments/irs-tax-rules-for-imputed-interest/L7UbulHpC
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