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Level 1
August 30, 2023
Question

DEDUCT BUSINESS LOAN

  • August 30, 2023
  • 1 reply
  • 1 view
ARE BUSINESS LOANS DEDUCTIBLE

1 reply

Level 15
August 30, 2023

Yes. Generally, the interest on a loan used for business purposes is deductible.

 

You might want to provide more details with respect to the loan.