topic How do I deduct interest payments on a Business Line of Credit in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/how-do-i-deduct-interest-payments-on-a-business-line-of-credit/01/573478#M22452 <P>THis was provided alongside the HELOC - which has since been paid off.&nbsp; I have the full balance due on the Line of Credit&nbsp;</P><P>- is that deductible even though the LLC was closed in 2018</P> Wed, 05 Jun 2019 21:40:40 GMT melissa6 2019-06-05T21:40:40Z How do I deduct interest payments on a Business Line of Credit https://ttlc.intuit.com/community/business-taxes/discussion/how-do-i-deduct-interest-payments-on-a-business-line-of-credit/01/573478#M22452 <P>THis was provided alongside the HELOC - which has since been paid off.&nbsp; I have the full balance due on the Line of Credit&nbsp;</P><P>- is that deductible even though the LLC was closed in 2018</P> Wed, 05 Jun 2019 21:40:40 GMT https://ttlc.intuit.com/community/business-taxes/discussion/how-do-i-deduct-interest-payments-on-a-business-line-of-credit/01/573478#M22452 melissa6 2019-06-05T21:40:40Z Interest payments on a business line of credit would be d... https://ttlc.intuit.com/community/business-taxes/discussion/interest-payments-on-a-business-line-of-credit-would-be-d/01/573482#M22453 <P>Interest payments on a business line of credit would be deductible for the period up until the business was closed. The interest would be reported under "interest expense" .&nbsp;</P> Wed, 05 Jun 2019 21:40:41 GMT https://ttlc.intuit.com/community/business-taxes/discussion/interest-payments-on-a-business-line-of-credit-would-be-d/01/573482#M22453 SherylSTaxExpert 2019-06-05T21:40:41Z