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Get your taxes done using TurboTax
Thank you. Thats what we thought. Some investment advisors go from employment to independent advisor business status and then I believe such interest is deductible against the business. The lack of employee deduction is so unfortunate in the tax laws. Old retention forgivable loans used to forgive the interest too making it income but I think those have challenged as not true loans. Other firms now create a bonus structure to make up for offsetting the interest payment Thx
March 31, 2021
9:59 PM