Where do I enter my auto loan interest on Schedule C?
I learned I can deduct the interest I paid on my auto loan because I used my car for business as well as personal use. I can't find where on schedule c to place it. There are no specific instructions on the Schedule C instruction sheet for where to place this deduction.
Where do I enter my auto loan interest on Schedule C?
This would be added to the interest expense category. If there is not an interest expense category you can add one. Make sure you are only reporting the interest from the loan and not the principal itself.
**Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer"
Where do I enter my auto loan interest on Schedule C?
This would be added to the interest expense category. If there is not an interest expense category you can add one. Make sure you are only reporting the interest from the loan and not the principal itself.
**Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer"
We provide you with a way to opt-out of advertising activities on our websites
We leverage outside service providers who assist us with our marketing and advertising activities. Note: by opting-out of this tracking, you may still see Intuit advertisements, but they may not be tailored to your interests.
Privacy Settings
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Sign In
