The amount of any business interest not allowed as a deduction for any taxable year by reason of paragraph (1) shall be treated as business interest paid or accrued in the succeeding taxable year.

← In general Exemption for certain small businesses →

in view

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statutes/26/163.yaml

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us/statute/26/163/j/2 — Carryforward of disallowed business interest · Axiom

Axiom
US Federal
Statutes
Title 26
§ 163
(j)
(2)

Carryforward of disallowed business interest

Official source

The amount of any business interest not allowed as a deduction for any taxable year by reason of paragraph (1) shall be treated as business interest paid or accrued in the succeeding taxable year.

← In general Exemption for certain small businesses →

in view

Whole section

▸rulespec code

Shown source

statutes/26/163.yaml

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This encoding covers the parent provision us/statute/26/163; no dedicated encoding exists for this exact provision yet.

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