We are never going to get that money back.
You'll need to sign in or create an account to connect with an expert.
If you were a sole proprietor or Single Member LLC. you cannot deduct a loan to your own business.
However, qualified business expenses financed by the loan is /were deductible.
If you were a sole proprietor or Single Member LLC. you cannot deduct a loan to your own business.
However, qualified business expenses financed by the loan is /were deductible.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
colonelagape
New Member
BobU56
New Member
tpang
New Member
rhondajoy125
Level 3
rhondajoy125
Level 3