S-Corp and Investment Interest Expense

[robinp]

If an S-Corp deducts interest borrowed by the owners to fund the business, can the owners also claim the interest paid an investment interest expense on their personal return?

[robinp]

To be clear, the S-Corp deducted the interest paid as a business expense in determining net income.

[ThomasM125 · Accepted solution]

No, the owners can't deduct interest that is deducted by the business, as that would mean you were deducting the same interest twice.