Disallowed Business Interest
If you were not allowed to deduct business interest on your federal income tax return due to §163(j) of the Internal Revenue Code, you may be able to subtract 20% of it on your Virginia income tax return.
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If you were not allowed to deduct business interest on your federal income tax return due to §163(j) of the Internal Revenue Code, you may be able to subtract 20% of it on your Virginia income tax return.