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Author: RooCat Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122843  
Subject: Re: Business Expenses Date: 12/22/2000 2:25 AM
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If you shut down a sole proprietorship mid-year but continued to pay off debt and busines-based loans through the end of the year, can these loan payments still be deducted as business expenses on Schedule C?

Loan payments per se are never deductible. However, the interest paid on the loans related to the business would still qualify as a business expense on your schedule C.
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