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No - you will not be able to claim any interest expense for your self-employment business for a car purchased using a portion of the funds you received from your home equity loan.
Instead, you will be able to include the interest on this home equity loan (up to $100,000) as an itemized personal deduction on Schedule A.
No - you will not be able to claim any interest expense for your self-employment business for a car purchased using a portion of the funds you received from your home equity loan.
Instead, you will be able to include the interest on this home equity loan (up to $100,000) as an itemized personal deduction on Schedule A.
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