- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The Sch C sole proprietor cannot "loan" themselves anything ... this is simply "seed" money to support the business so you cannot deduct "non interest" paid on the Sch C ... you don't have imputed interest when you move money from one pocket of your pants to another pocket ... it all comes from the same pair of pants.
‎June 2, 2022
1:59 PM