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Deducting interest on LLC debt refinancing

Question:        I received a distribution from a limited liability company in which I am an owner representing proceeds from the refinancing of a commercial loan on company property. Can I deduct my share of the interest on this debt?

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Overcoming Nondeductibility of Entertainment Expenses

Question: Is there any way to deduct business entertainment expenses after the most recent tax legislation?

Answer: The Tax Cuts and Jobs Act of 2017 fully eliminated deductions for entertainment expenses incurred by taxpayers, effective for tax years beginning after December 31, 2017. 

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