Can you deduct PE coinvest loan interest on your personal taxes?
When I plug it into TurboTax, there's no impact on my tax return. To the extent you need interest income or something to offset it, if you don't have enough in a tax year, can you carry the loss forward indefinitely?
Seems that if you don't file some form each year, you might not be able to carry it forward?
Anyone have clarity on how this works?
My rate is now 6.875% because it's floating rate - if I'm not going to be able to deduct it, that's basically 13.75% taxable equivalent yield at a 50% tax rate so I'd think it would make sense to sell securities that have a lower potential return to lock in the riskless return from paying down the debt
Also following
Perspiciatis sint dignissimos nihil. Voluptas odit laboriosam nam dignissimos sit. Nesciunt ut et quasi ut. Autem ex eum magnam molestias quia.
Quasi molestiae vitae nobis facilis debitis molestiae. Ut molestiae cumque minima eligendi nihil ducimus deleniti.
Quam eos blanditiis cumque amet. Suscipit qui quasi sunt error voluptate. Ad sint omnis quo. Et nihil aut et. Sit assumenda sunt maiores ipsam et est voluptatem. Laudantium adipisci quo vitae ut doloribus iste et.
Illum natus corrupti cupiditate explicabo soluta soluta repudiandae. Placeat eos unde sed aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...