Taxpayer has a gas card he uses for all the gas purchased for his personal car. During the year he paid $500 in interest for gas charged on the card. Can he deduct this interest?

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26-06-2024
Business

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Taxpayer has a gas card he uses for all the gas purchased for his personal car. During the year he paid $500 in interest for gas charged on the card. Can he deduct this interest?

Sagot :

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Taxpayer has a gas card he uses for all the gas purchased for his personal car. During the year he paid $500 in interest for gas charged on the card. Can he deduct this interest?

Sagot :

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