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Business puchased with a zero interest seller finance loan
Agreement is 200k over 6years with even payments.
How can I maximise interest expense deduction on the payments I am making to the seller.
Can I prepare an amortized schedule with an interest rate and solve to equal the agreed upon monthly payment amount and then apply all early payments to accrued interest only and once that accrued interest is done apply remaining payments to principal.
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‎April 14, 2023
4:03 PM