If so, where can it be deducted, on which form/schedule?
2007-04-12 09:52:37 · 6 answers · asked by llb585 1 in Business & Finance ➔ Taxes ➔ United States
No, they are not. That is just a repayment of debt. Kind of like making a credit card or car note payment.
2007-04-12 13:30:02 · answer #1 · answered by Lee 5 · 0⤊ 0⤋
No, that's just payment of an ordinary debt. It's no more deductible than the original debt was.
2007-04-12 18:52:22 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
NO, you can't deduct that! You never paid the taxes on the stuff to begin with.
2007-04-12 18:05:42 · answer #3 · answered by malshaun 2 · 0⤊ 0⤋
Not deductible at all.
2007-04-12 17:04:18 · answer #4 · answered by Wayne Z 7 · 1⤊ 0⤋
No, not deductible.
2007-04-12 17:17:52 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
I HIGHLY doubt that...
2007-04-12 16:59:38 · answer #6 · answered by Anonymous · 0⤊ 0⤋