1250, RE: Loan question
Posted by Pepperfire, Tue Jun-05-07 05:12 AM
If you note on your books that the loan is for investment purposes and track it accordingly, the interest that your business pays on the loan is tax deductible... Check with your accountant on how to structure it.
T
Tina Brooks, VP Marketing
Brooks Pepperfire Foods, Inc.
Makers of Peppermaster Hot Sauces
http://www.peppermaster.com
Eat more peppers!
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