MikeInChicago
Returning Member

Deducting expenses in 2020 for a business sold in 2019

I sold my business (an LLC) in 2019 and filed the final 2019 Form 1065 business return in early 2020.  During 2020, I paid out of my personal bank account outstanding business credit cards of approximately $20k.  Can I deduct this $20k on my personal 1040 for 2020?  If so, does this get reported on Schedule C?  Thank you!