Posts Tagged ‘Best Interest’

Can I deduct a business mortage payment or only the interest and why?

Friday, January 9th, 2009
tru_belle asked:


I need to know if I can deduct the mortage payment on a business. Our business mortage is a commercial loan and only the business is on it. Or, is only the interest on the business deductable. If so, would it be in our best interest for the business to rent from us this year?

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