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Where do I show interest paid on a loan to pay property taxes on a business property?

It was a personal loan that I took out specifically to pay property taxes on raw land that we were going to develop.

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MaryEllen
New Member

Where do I show interest paid on a loan to pay property taxes on a business property?

It is investment interest. You enter it in itemized deductions, interest expense, we will ask you the appropriate questions to determine the deductible amount and carry over any non-deductible amounts for future use. 

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