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S-Corp and Investment Interest Expense
If an S-Corp deducts interest borrowed by the owners to fund the business, can the owners also claim the interest paid an investment interest expense on their personal return?
ThomasM125Answer
Alumni - Intuit
Apr 14, 2025 10:45 PM UTC
No, the owners can't deduct interest that is deducted by the business, as that would mean you were deducting the same interest twice.
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