Skip to main content
December 13, 2022
Question

How much credit do we receive on an investment expense?

  • December 13, 2022
  • 1 reply
  • 0 views
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?

    1 reply

    TurboTaxSusan
    December 13, 2022

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