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Save on operating interest or invest in mutual funds?
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reformedbanker
Posted 1/27/2024 06:30 (#10595493 - in reply to #10595487)
Subject: RE: Save on operating interest or invest in mutual funds?


Only in my capacity as the banker of a customer being audited... the IRS would just need to see the interest payment on the LOC. The IRS doesn't care a bit if you leverage your business to fund lifestyle. It is business collateral and business debt.

Why is this upsetting you?

Edit: also, my advise above was pay down debt is a strong risk free return to OP's question

Edited by reformedbanker 1/27/2024 06:33
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