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Lev
Lev , Tax Preparer
Category: Finance
Satisfied Customers: 28081
Experience:  Personal Investment, Tax Preparation
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is interest expense considered to be an operating expense

Customer Question

is interest expense considered to be an operating expense?
Submitted: 7 years ago.
Category: Finance
Expert:  Lev replied 7 years ago.

As long as your business started and the loan is used for financing business operations - it is operational expenses.

If you business is not started yet - that will be start-up expenses and generally - should be capitalized.

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Customer: replied 7 years ago.
Thank you so much for confirming that. I wasn't entirely sure but I wanted a confirmation from an expert. Thank you so much again.