Can I deduct business expenses if paid for with personal income?
Yes, you are able to deduct these business expenses, regardless of the source of the payments.
Note: For bookkeeping purposes, the funds that you paid from your personal income are considered to be capital contributions or loans to your business.
Can I deduct business expenses if paid for with personal income?
Yes, you are able to deduct these business expenses, regardless of the source of the payments.
Note: For bookkeeping purposes, the funds that you paid from your personal income are considered to be capital contributions or loans to your business.
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