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May 31, 2020
Question

How do I deduct interest from a business loan for a business that was closed in a previous year?

  • May 31, 2020
  • 1 reply
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How do I deduct interest from a business loan for a business that was closed in a previous year?

1 reply

Critter
Employee
May 31, 2020

You cannot ... it is now non deductible personal interest since the underlying business has closed.