Took a loan against my retirement to start a small business. The business is paying me the $ for the loan. Is the loan amount considered an expense? Where do I put it?

vkmk4evr · ‎June 1, 2019

MinhT · ‎June 1, 2019

If you use the loan for your business, you can deduct the interest paid on the loan as a business expense under Interest.

The total loan amount is not an expense, nor are the principal portion of the loan repayments.

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SweetieJean · ‎June 1, 2019

See OP's other post:
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4675270-we-have-a-business-that-is-a-partnership-between-4-people-...>

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