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Get your taxes done using TurboTax
I'm calling my $50k EIDL loan, a loan and I've started the SBA auto deduct monthly payments. Just $224/mo P&I. BUT pay.gov is down today, 3/6/22, no indication when it'll be back up so I can't log in to get my 2021 interest paid (business expense). Haven't gotten a paper statement in a long time.
I guess I can punch up a loan calculator at 3.75% and 50k to approximate the interest paid in 2021.. I can't remember my first payment month. LOL!
I presume for the PPP folks here, the same discussion is in play if you've started repayment and want to account for the business expense of the interest paid.
Good luck folks
March 6, 2022
9:47 AM