http://www.agedcorporationsecrets.com/business-credit-lines/deducting-business-line-of-credit-interest-on-personal-return Information on Shelf Corporations, Aged Corporations and Business Credit Lines Thu, 07 Apr 2011 18:55:59 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.agedcorporationsecrets.com/business-credit-lines/deducting-business-line-of-credit-interest-on-personal-return/comment-page-1#comment-162 Stealth Sun, 27 Sep 2009 05:02:59 +0000 http://www.agedcorporationsecrets.com/business-credit-lines/deducting-business-line-of-credit-interest-on-personal-return#comment-162 A BLOC is secured under the business tax ID number and your Guarantor on that loan, so i would assume since the loan is taken out under the business tax ID you can write off the losses under the business, but you can just ask your accountant, Form 1040A or Form 1040<br><b>References : </b><br> A BLOC is secured under the business tax ID number and your Guarantor on that loan, so i would assume since the loan is taken out under the business tax ID you can write off the losses under the business, but you can just ask your accountant, Form 1040A or Form 1040
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]]> http://www.agedcorporationsecrets.com/business-credit-lines/deducting-business-line-of-credit-interest-on-personal-return/comment-page-1#comment-161 v b Sun, 27 Sep 2009 04:47:59 +0000 http://www.agedcorporationsecrets.com/business-credit-lines/deducting-business-line-of-credit-interest-on-personal-return#comment-161 No. You sold the business, so the interest is personal. Personal interest is not deductible.<br><b>References : </b><br> No. You sold the business, so the interest is personal. Personal interest is not deductible.
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