Two questions: I'm a shareholder in Seattle, Washington lawfirm, which is Washington corporation.
1)profits distrib'd prorata based upon # of shares owned. To buy shares, I sign note and pay for shares with interest. Is my interest paid a deductible expense? And can I take it only against investment income (as new Fool, very little)? 2) I borrowed from 401K for home improvement/down payment on home -- can I deduct interest paid to my 401K on any basis? Standing by -- thanks, RANjr