Taxes on interest only loan for Dental Practice?

searcher profile

July 25, 2022

by a searcher in Chicago, IL, USA

I have been offered an interest only loan for 3 years for a Dental Practice I am buying and I am wondering whether the interest is all tax deductable considering I am not paying off principal (unless I elect to do so)?

Thank you

0
0
24
Replies
0
Join the discussion