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Deducting interest on revolving line of credit with both business and personal expenses
I have a credit card in my name that I primarily use for personal expenses but also have some business expenses on it. Can I deduct the interest on the business expenses? How do I figure out what portion of the balance is personal and what is business in order to find the amount of interest on the business expenses?
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‎January 25, 2023
8:01 AM