business
tru_belle asked:


I need to know if I can deduct the mortage payment on a business. Our business mortage is a commercial loan and only the business is on it. Or, is only the interest on the business deductable. If so, would it be in our best interest for the business to rent from us this year?

Winifred
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Comments

Jonathan B on 12 February, 2009 at 4:03 pm #

Business is an scorp then shouldnt be much of money lent to you really should have separate schedule on your taxes oh you cant deduct the business owner with commercial real estate you own the interest expense if business can only deduct.