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? on 2007 taxes. I use a credit card solely for business, can I deduct finance charges from this account?


? on 2007 taxes. I use a credit card solely for business, can I deduct finance charges from this account?

if you use credit card for business and you pay your charges from business account, then yes.

i am sure we talking about business Return or your sole P on your personal return

of course.

and for lots of other things!

If the expenses are necessary and allowable for your business, you can deduct them. The fact that you charged it on your credit card is just a convenience factor for you

no

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