Posted 1/27/2024 12:41 (#10596164 - in reply to #10594976) Subject: RE: Save on operating interest or invest in mutual funds?
Glasgow, Ky
To simplify things, farmer A has a farm account and pulls money out to buy a boat. Personal expenditure. Farmer B pulls money out of his LOC. Personal expenditure. It's not the source of the funds that make it tax deductible, it's the use.
Another scenario, a farmer pulls money out of his LOC to spend on his pulling tractor that it's sole use is pulling. Tax deductible?
Save on operating interest or invest in mutual funds?
