I think this is a dumb question, but my mind is a mess and I keep confusing myself.
I'm using $40k of a $45k LOC for a deposit. If I use the other $5k for other costs such as solicitor fees, building and pest inspections etc, does this have the same deductibility as using the LOC for the deposit?
I just want to make sure I'm not mixing the LOC up. All expenses are for the same IP purchase.
BR
I'm using $40k of a $45k LOC for a deposit. If I use the other $5k for other costs such as solicitor fees, building and pest inspections etc, does this have the same deductibility as using the LOC for the deposit?
I just want to make sure I'm not mixing the LOC up. All expenses are for the same IP purchase.
BR