Is interest deductible on a loan to make ESPP contributions?
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1 Best answer
TurbotaxRobert
Level 2
Oct 30, 2019 2:17:17 AM
Because an employee stock purchase plan (ESPP) is not a tax-sheltered plan, interest paid on a loan to participate in the plan is a deductible expense (carrying charges on investments).
1 Replies
TurbotaxRobert
Level 2
Oct 30, 2019 2:17:17 AM
Because an employee stock purchase plan (ESPP) is not a tax-sheltered plan, interest paid on a loan to participate in the plan is a deductible expense (carrying charges on investments).