EIDL Loan Interest Deduction

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  • Daycarefamily
    Daycare.com Member
    • Jan 2018
    • 36
    #1

    EIDL Loan Interest Deduction

    If I use 100% of my EIDL loan towards payroll, is the interest 100% deductible or is is subject to time/space %?
    Tags: deduction - loan, loans, sba - loan, tom copeland
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    • TomCopeland
      Business Author/Trainer
      • Jun 2010
      • 3062
      #2
      Eidl

      Originally posted by Daycarefamily
      If I use 100% of my EIDL loan towards payroll, is the interest 100% deductible or is is subject to time/space %?
      It's 100% deductible because it is used exclusively for your business.
      http://www.tomcopelandblog.com
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