### Question
What does business interest mean?


### Answer
**Business interest** has the following meaning in *26 U.S.C. § 163*:

> any interest paid or accrued on indebtedness properly allocable to a trade or business

#### Citation:
  - *26 U.S.C. § 163*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

