Are principal payments on business property is tax deductible

I have a commercial land I used for my business. are principal payments on business property is tax deductible

posted

No, just as with a home, mortgage principal is not deductible. Interest is deductible.You take a portion of the cost improvements to the land through depreciation.

http://www.nolo.com/legal-encyclopedia/deducting-business-related-interest-loan-payments.html

i itemized deduction on federal return, need to input property tax adjustment in excess of $10,000 on Schedule CA(540) , part II, line 16

in Deductions & credits

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