Solved: Where do I enter my auto loan interest on Schedule C?
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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.

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Level 9

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. 

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Level 9

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"

View solution in original post

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