Use business loan to invest - TAX Question
Hello, BP!!
I anticipate to obtain $100k business loan from my own business early 2017. I would like to use it as down payment for upcoming investment property; and pay out the premium and interest of the business loan as business expense.
In tax perspective, can i pay off the business loan as my business expense so i can log $100k expense on my book and use it as tax free money to invest?