Comments on: if I use a personal loan to pay off business expenses can the interest be used for a tax write off? http://www.personal--loans-blog.com/personal-loans/if-i-use-a-personal-loan-to-pay-off-business-expenses-can-the-interest-be-used-for-a-tax-write-off The best deals and information on Personal Loans Sat, 11 Feb 2012 06:21:26 +0000 http://wordpress.org/?v=2.7 hourly 1 By: daddyporky@verizon.net http://www.personal--loans-blog.com/personal-loans/if-i-use-a-personal-loan-to-pay-off-business-expenses-can-the-interest-be-used-for-a-tax-write-off/comment-page-1#comment-1398 daddyporky@verizon.net Fri, 01 May 2009 12:44:30 +0000 http://personal--loans-blog.com/personal-loans/if-i-use-a-personal-loan-to-pay-off-business-expenses-can-the-interest-be-used-for-a-tax-write-off/#comment-1398 <a href="http://kansieo.com/">Caffeinated Content</a> all interest charged for business use is tax deductable.. this might help you.. ok Caffeinated Content

all interest charged for business use is tax deductable.. this might help you.. ok

]]> By: bostonianinmo http://www.personal--loans-blog.com/personal-loans/if-i-use-a-personal-loan-to-pay-off-business-expenses-can-the-interest-be-used-for-a-tax-write-off/comment-page-1#comment-1397 bostonianinmo Fri, 01 May 2009 06:54:57 +0000 http://personal--loans-blog.com/personal-loans/if-i-use-a-personal-loan-to-pay-off-business-expenses-can-the-interest-be-used-for-a-tax-write-off/#comment-1397 <a href="http://kansieo.com/members">Caffeinated Content for WordPress</a> Yes, but keep your business and personal funds separate. Get the loan in the business' name. The same goes for any credit card accounts. You'll probably have to guarantee them personally but that won't affect the deductibility of the interest as a business expense. Just be SURE that you do NOT commingle business and personal funds, i.e. NO personal purchases on the business credit cards or personal expenses paid from the proceeds of a business loan. Caffeinated Content for WordPress

Yes, but keep your business and personal funds separate. Get the loan in the business’ name. The same goes for any credit card accounts. You’ll probably have to guarantee them personally but that won’t affect the deductibility of the interest as a business expense. Just be SURE that you do NOT commingle business and personal funds, i.e. NO personal purchases on the business credit cards or personal expenses paid from the proceeds of a business loan.

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