Credit card interest and annual fees?

kosmoboy1965 · ‎June 4, 2019

If I have credit cards in the business name, and strictly used for business purposes, can I deduct the interest and annual fees?

Vanessa · ‎June 4, 2019

Yes, interest and fees on business items are deductible. There is a spot for it under Common Business Expenses.

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Vanessa · ‎June 4, 2019

Yes, interest and fees on business items are deductible. There is a spot for it under Common Business Expenses.

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