Discussion:Is interest deductible as an investment interest expense?

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Discussion Forum Index --> Tax Questions --> Is interest deductible as an investment interest expense?

Cvan (talk|edits) said:

28 March 2006
I have a client who borrowed money from his equity line ($200,000) and used this money to buy 60% share of an S corporation. The S corporation is profitable. Is the interest deductible as an investment interest expense.

Dennis (talk|edits) said:

29 March 2006
Not investment interest (Russon v Commissioner) Business interest to the extent of business income. Reg. 1.163-8T

Tdoyle (talk|edits) said:

29 March 2006
This question appears to be a duplicate of Discussion:Investment Interest Expense

- Tim Doyle, TaxAlmanac Moderator 10:39, 29 March 2006 (CST)

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