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April 10, 2025
Question

Hi. I have a business loan, which I pay monthly and have accumulated interest paid document for tax purposes. Am I able to claim this with IRS for deduction?

  • April 10, 2025
  • 1 reply
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Can I claim interest paid on a loan for deduction?

    1 reply

    April 10, 2025

    Yes.  If you have a business loan, the interest that you pay is tax deductible as a business expense.  

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