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Deducting Business Interest: Need-to-Know Changes for Real Estate Businesses 2022

Deducting Business Interest: Need-to-Know Changes for Real Estate Businesses 2022

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March 2022

Business owners can deduct certain types of interest from their taxable income. Interest expenses come from any type of business loan, including mortgages and loans related to purchasing business property or obtaining operating capital. However, this deduction has some limitations that every real estate business owner should know. The tax year 2022 also has a few changes to the general deduction rules that should be on any business owner’s radar.

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