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Get your taxes done using TurboTax
Minimal amount of Excess Business Income is unlikely to affect your taxable income. Form 8990 is required only if you need to track excess business interest or have a significant amount of interest expense to deduct.
You might review the information here: IRS Basic questions and answers about the limitation on the deduction for business interest expense.
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March 23, 2025
1:31 PM
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