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Can a C Corporation deduct interest expense?

Some interest expenses that have been paid by a corporation will be deductible in the year paid the only difference in deductible interest expense from those that will be reported for individuals is the fact that business interest will be deductible for corporations (limited to 30% of the company’s adjusted taxable income) and that home mortgage interest will not be deductible for corporations but will be for individuals (limited to $750,000 of the houses principal).


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