DaveF1006
Expert Alumni

Get your taxes done using TurboTax

Form 8990 is used to calculate the amount of business interest expense you can deduct and the amount to carry forward to the next year. Your business interest expense of $126 will reduce the amount of your taxable income by $126 thus will reduce the amount you owe slightly but not significantly.

 

@poncho_mike 

 

 

 

 

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