lilcupcakes09 06:39 AM 03-15-2016
How do I figure out the business portion of interest on a personal credit card where both business & personal purchases were made throughout the year?
LysesKids 07:34 AM 03-15-2016
Originally Posted by lilcupcakes09:
How do I figure out the business portion of interest on a personal credit card where both business & personal purchases were made throughout the year?
I need the same info... thankfully one card is business only, so that one is a no brainer, but my other 2?
TomCopeland 09:38 AM 03-15-2016
Originally Posted by lilcupcakes09:
How do I figure out the business portion of interest on a personal credit card where both business & personal purchases were made throughout the year?
I wrote an article about calculating sales tax here:
http://tomcopelandblog.com/qa-can-i-deduct-sales-tax
The principle is the same when calculating credit card interest.