Comments on: Are personal loans deductible from business taxes? http://www.personal--loans-blog.com/personal-loans/are-personal-loans-deductible-from-business-taxes-4 The best deals and information on Personal Loans Fri, 10 Feb 2012 22:43:01 +0000 http://wordpress.org/?v=2.7 hourly 1 By: David545 http://www.personal--loans-blog.com/personal-loans/are-personal-loans-deductible-from-business-taxes-4/comment-page-1#comment-576 David545 Fri, 09 Jan 2009 03:31:02 +0000 http://personal--loans-blog.com/personal-loans/are-personal-loans-deductible-from-business-taxes-4/#comment-576 The loan is not deductible as an expense, since it is money added to your cash flow. Once the money is in your business account, it you spend it for business-related items, it would be deductible (if that expense were a deductible item, not one that had to be capitalized.) The interest you pay on the loan to the family member is deductible. The loan is not deductible as an expense, since it is money added to your cash flow.

Once the money is in your business account, it you spend it for business-related items, it would be deductible (if that expense were a deductible item, not one that had to be capitalized.)

The interest you pay on the loan to the family member is deductible.

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