sba borrower paid fees ?

Forum|Forum|3 years ago
October 10, 2022
1 reply
9 views

New client has sba 504 loan and brought in statement. She has right at 500.00 per month in borrower paid fees every month. These are added in addition to her principal and interest payment I was trying to find some information on the fees as far as deductibility with no luck.

SBA fee -CSA fee- CDC fee. I would think they would be deductible as she pays them every month.

Any information greatly appreciated.

Michele

Lacerte Tax

This topic has been closed for replies.

M

mjnva

Level 2

Recently saw post asking if SBA 504 loan fees paid as part of the monthly payment were deductible. Any response???

qbteachmt

Level 15

You can google:

are sba 504 fees tax deductible

And read for yourself.

"Are SBA guarantee fees tax-deductible? No, SBA guarantee fees are not tax-deductible. Interest you pay on your loan, however, may qualify for a business tax deduction." (Oct 2, 2023)

Link: https://www.nerdwallet.com/article/small-business/sba-guarantee-fee

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