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- Interest paid to estate to purchase dead owners equity in llc personal tax deduction
Interest paid to estate to purchase dead owners equity in llc personal tax deduction
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Budmeister
Level 3
01-31-2024
07:40 AM
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Is an installment loan interest paid to an estate to purchase a dead owners equity tax deductible on personal return? The principal would be added to basis each year, would interest paid also be added or is it deductible as a personal deduction somewhere on the tax return?
