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Are personal loans deductible from business taxes?


Are personal loans deductible from business taxes??? if a family member is giving me 165000 as a loan for my business...will i be able to deduct it from my business taxes?? i have a corporation.

If it is a personal loan you cannot deduct it as a business expense, BUT it sounds like it is not a personal loan because it was for the business therefore you can expense the interest on the loan.
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