I operate a sole proprietorship. can I deduct the interest I pay on my business credit card? where would that amount go on Schedule C? this is for an office supply company credit card.
Here here on the previous posters.
You can either put it under Line 16B - Other Interest
or
you can put it in under Line 27 Other Deductions and call it Finance Charges on Part V Other Expenses.
Yes if the amount you pay is for business related expenses.
I operate a sole proprietorship. Can I deduct the interest I pay on my business credit card?
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It is a sole proprietorship. Fill in everything you can, if it's zero, it's zero.