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New Member
posted Apr 17, 2023 6:46:49 PM

Do I add a car loan to my return

Its not used for work, its just a car for personal use

0 3 540
3 Replies
Level 15
Apr 17, 2023 6:50:54 PM

No you do not enter your car loan anywhere on your tax return.

New Member
Apr 17, 2023 6:53:28 PM

I bought a car last year, I paid some of it off in cash when purchasing and the rest was on a loan. I don’t add that anywhere when filing my taxes correct?

Level 15
Apr 17, 2023 7:30:09 PM

@lourdespulidol No, your car loan nor paying off the car is entered on a tax return.    You do not enter anything about your car loan unless you are using it for business.