davis
Level 1
06-23-2020
05:10 PM
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The equipment was sold. the amount received from the sale was applied to the loan. the balance of the loan is still being paid by the shareholder. the biggest part of the loan was form settling the lease on the property. (not related to shareholder)
can the interest being paid on the loan be deducted as business interest. if so how do you enter it the the Lacerte tax program.