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Deductions & credits
No. It's not deductible on your personal return.
See What are the tax implications for small businesses and freelancers taking an Economic Injury Disaster Loan? in the TurboTax blog 2020 Stimulus: Does My Small Business Qualify for an Economic Injury Disaster Loan (EIDL)? for more information.
March 14, 2024
2:32 PM