How can you classify a business credit card interest expense in the home and business software Quicken so it?
how do you classify a business credit card interest payment in Quicken Home and software companies to it is a correct tax
Learn how you set up your chart of accounts would be useful. But here are some possibilities: If you use classes to separate your personal expenses and code of interest to an expense account, "interest" and business class no. classes, you probably want to set up an expense account, "Interest-business" and the code of the payment there, instead. This will keep your deductible interest separate from the mortgage interest or persoanl and facilitate the preparation of your tax return. Anyway Regardless, the interest would be reported on Schedule C, interest expense.
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