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Get your taxes done using TurboTax
No any interest etc. you get from the bank goes under Personal Interest. Your business is a disregarded entity and you are filing your business on schedule C in your personal return. Unless your business is for loaning money and someone paid you interest. Actually it will be better to file it as Personal interest. Then you won't be paying Self Employment tax on it.
‎February 2, 2025
8:57 AM