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Interest on expenses tax deductibility
An investment entails the acquisition of a capital asset. Cash/savings is not a capital asset so it doesn't get a deduction for the interest incurred because nothing was acquired.- Aaron_C
- Post #39
- Forum: Accounting and Tax
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Interest on expenses tax deductibility
Doesn't Steele's case apply here?- Aaron_C
- Post #15
- Forum: Accounting and Tax