mkgbobk
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I am doing a personal/business return that came with the Home/Business T. Tax. The business is an LLC.
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I own the business. The loan was for the company that is teaching me how to do the business. It did not buy a product that can be resold or that is expensed any...
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The loan was necessary to start/run the business. As such, it has to be a business expense that has to be paid back. Why are you saying it can't be an expense. ...
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I understand your answer twice that I can write off the interest on the loan. My question is do I list the payments to the loan as a business expense? Where? Th...
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The loan is against the business so the payment have to be listed as an expense somewhere?
Activity Feed for mkgbobk
- Posted I am doing a personal/business return that came with the... on Deductions & credits. June 6, 2019 5:20 AM
- Posted I own the business. The loan was for the company that is... on Deductions & credits. June 6, 2019 5:20 AM
- Posted The loan was necessary to start/run the business. As such... on Deductions & credits. June 6, 2019 5:20 AM
- Posted I understand your answer twice that I can write off the i... on Deductions & credits. June 6, 2019 5:20 AM
- Posted The loan is against the business so the payment have to b... on Deductions & credits. June 6, 2019 5:20 AM
- Posted Thank you for your comment. I have another issue that I n... on Deductions & credits. June 6, 2019 5:20 AM
- Posted I started my business with a bank loan of 17,700 which I am paying payment and interest on from the business. Where do I list this loan and payments, I am using Home/Bus on Deductions & credits. June 6, 2019 5:20 AM