Calculation for Business Interest On Credit Card

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  • lilcupcakes09
    New Daycare.com Member
    • Nov 2011
    • 223

    Calculation for Business Interest On Credit Card

    How do I figure out the business portion of interest on a personal credit card where both business & personal purchases were made throughout the year?
  • LysesKids
    Daycare.com Member
    • May 2014
    • 2836

    #2
    Originally posted by lilcupcakes09
    How do I figure out the business portion of interest on a personal credit card where both business & personal purchases were made throughout the year?
    I need the same info... thankfully one card is business only, so that one is a no brainer, but my other 2?

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    • TomCopeland
      Business Author/Trainer
      • Jun 2010
      • 3062

      #3
      credit card interest

      Originally posted by lilcupcakes09
      How do I figure out the business portion of interest on a personal credit card where both business & personal purchases were made throughout the year?
      I wrote an article about calculating sales tax here: http://tomcopelandblog.com/qa-can-i-deduct-sales-tax
      The principle is the same when calculating credit card interest.
      http://www.tomcopelandblog.com

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