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Interest:   Business expense for

Interest

Introduction

This chapter discusses the tax treatment of business interest expense. Business interest expense is an amount charged for the use of money you borrowed for business activities.

Useful items

Publication  537:  Installment Sales
 538:  Accounting Periods and Methods
 550:  Investment Income and Expenses
 936:  Home Mortgage Interest
Deduction

Form (and Instructions)
Sch A (Form 1040) Itemized
Deductions

Sch E (Form 1040) Supplemental Income and Loss
Sch K–1 (Form 1065) Partner's Share of Income, Credits, Deductions, etc.
Sch K–1 (Form 1120S) Shareholder's Share of Income, Credits, Deductions, etc.
1098 Mortgage Interest Statement
3115 Application for Change in Accounting Method
4952 Investment Interest Expense
Deduction

8582 Passive Activity Loss Limitations
See chapter 14 for information about getting publications and forms.

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Next Page: 535-Allocation of Interest
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Master Index | List of Publications | List of Acronyms