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Deducting Mortgage Loan on Commercial Property
This is probably something that I should know but have hit a brain freeze. I have a client with a commercial mortgage on her business condominium. She has received a 1098 from the lender showing $1,000 in interest paid. Her itemized expense summary from Quickbooks shows $8,000 paid to lender. On the Schedule C, I plan on entering the mortgage interest...
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