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Interest
The bank pays interest of a few cents to me. I pay interest to EIDL. Are both forms of interest recorded to the same account?
October 27, 2021
9:30 AM
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Self employed
No. Interest you receive from the bank is Interest Income.
Interest you pay for your EIDL is Interest Expense.
You will want to keep track separately.
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October 27, 2021
10:07 AM