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spp78
New Member

Interest expense

Is interest paid on underpayment of State of Wisconsin estimated taxes deductible?
1 Best answer

Accepted Solutions
jerry2000
Alumni

Interest expense

No. Penalties and interest for underpayment of taxes is not deductible. Penalties and interest are never deductible.

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1 Reply
jerry2000
Alumni

Interest expense

No. Penalties and interest for underpayment of taxes is not deductible. Penalties and interest are never deductible.
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