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Updated almost 6 years ago,

User Stats

14
Posts
1
Votes
Tony Tibbar
1
Votes |
14
Posts

Does using borrowed money make any difference tax wise?

Tony Tibbar
Posted

Is there any difference in taxes if I report $20k net profit made with:

a] 100% personal cash (savings)

b] 75% borrowed and 25% personal cash?

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