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Investors & landlords
The main requirement for an expense to be deductible in a business is that the expense be ordinary and necessary. Clearly the interest expense is ordinary and necessary as it relates to the business. It does not matter where the money came from, the funds are needed in the business and you have to pay interest to make the funds available. So, the interest is deductible.
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‎February 19, 2020
8:01 PM