Business Line Of Credit
I have a question about taxes, I wanted to pay off a few small mortgages I have with one of my lines of credit beacuse of a way better rate. Question is can I still deduct the property payments at the end of the year since it would be on a line of credit? Any help would be good.
Thanks, Mike
is it really a business line of credit?
If so, yup. interest expense is interest expense.