To cook a prime rib roast, rub the roast with a mixture of spices and herbs, then roast in the oven until the meat reaches an internal temperature of at least 135 degrees Fahrenheit. This results in a medium rare roast that is red in the center.
Is Interest on Credit Cards Tax Deductible? The IRS allows you to deduct certain expenses from your total income to arrive at taxable income, which is the portion of your earnings that is subject to tax. Some of these expenses include your payments of interest on a mortgage and for business loans.
If you borrow money to buy property you hold for investment, the interest you pay is investment interest. You can deduct investment interest subject to the limit discussed later. However, you cannot deduct interest you incurred to produce tax-exempt income. See Tax-exempt income , later. You also cannot deduct interest expenses on straddles discussed under Interest expense and carrying charges on straddles , later.