Can you deduct 401k loan interest on a Schedule C

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  • LCP
    Senior Member
    • Dec 2005
    • 432
    #1

    Can you deduct 401k loan interest on a Schedule C

    If you borrow from your 401k account and put the funds into your business can you deduct it on a Schedule C?

    How about if you put the money into a partnership?
    Tags: None
    • ChEAr$
      Senior Member
      • Dec 2005
      • 3872
      #2
      401k interest

      is a self dealing situation, and therefore, no deductions, no where, nohow.
      ChEAr$,
      Harlan Lunsford, EA n LA

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