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New Member
posted Dec 12, 2022 6:44:24 PM

How much credit do we receive on an investment expense?

example. If we were to borrow $10000 for the year for investment purposes. How much of a tax credit do we receive based on the borrowed amount?

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1 Replies
Moderator
Dec 13, 2022 6:13:41 AM

There is no credit for interest expense. Instead you can claim the amount of interest you paid as a deduction from your income.