728130

Can I put in finance charges paid on a loan. Thank you

posted

Connect with an expert

1 Reply

Can I put in finance charges paid on a loan. Thank you

Only if the loan was part of doing business (your self-employment income).

The Internal Revenue Service lets you deduct most of the finance charges and interest you pay as a part of doing business.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post