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WebMar 19, 2024 · These two qualifications should help you figure out if the interest on your business loan is tax-deductible: 1. You have to borrow from a 'real' business lender. This might sound overly simplistic ... Web21 hours ago · Ex-president to be questioned in $250m suit against him for allegedly inflating assets to gain favorable loans and tax benefits Maya Yang Thu 13 Apr 2024 14.57 EDT Last modified on Thu 13 Apr 2024 ... WebJan 9, 2024 · Interest paid on your business loan is tax-deductible in most cases. Specifically, you can write the interest portion of your payments … fake paypal account balance