Summer2021
Level 4
01-28-2023
04:17 PM
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Have a situation where client borrowed money from bank with extremely low interest and turn around invested in treasury bills and CDs.
I read it from a previous Intuit post indicating that you can report it as a schedule c where interest expense from loan can be deducted against the interest income.
Any suggestions? Would a Schedule C the right way to report it? If not, where can the interest incurred from borrowing be deducted?
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