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Whether you’re a small business filing as a sole proprietor, an s-corporation or a partnership, you can write off business loan interest on your annual federal income tax return. You can use Form 8990 to determine how much interest can be deducted and how much you can carry over to another tax year.

If you don’t know much about the numbers behind your business, you’re not alone. According to Wasp Barcode Technologies’ Small Business Report–Accounting, only 40% of small business owners surveyed said that they feel “extremely” or “very” knowledgeable about accounting.