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Old 05-23-2020, 08:48 PM
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Daycarefamily Daycarefamily is offline Member
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Default EIDL Loan Interest Deduction

If I use 100% of my EIDL loan towards payroll, is the interest 100% deductible or is is subject to time/space %?
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Old 05-24-2020, 10:33 AM
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TomCopeland TomCopeland is offline
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Default Eidl

Originally Posted by Daycarefamily View Post
If I use 100% of my EIDL loan towards payroll, is the interest 100% deductible or is is subject to time/space %?
It's 100% deductible because it is used exclusively for your business.
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