You'll need to sign in or create an account to connect with an expert.
Interest on a personal loan used to invest in a business would be reported as Investment Interest Expense, found under Deductions & Credits.
The easiest way to find this section of TurboTax is to use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in "investment interest expenses", hit Enter, and click on "jump to investment interest expenses" to go directly to beginning of this topic.
Or go to My Account >> Tools >> Topic Search. Type in "investment interest expenses", then click the topic in the list to go directly to the start of this section.
Interest on a personal loan used to invest in a business would be reported as Investment Interest Expense, found under Deductions & Credits.
The easiest way to find this section of TurboTax is to use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in "investment interest expenses", hit Enter, and click on "jump to investment interest expenses" to go directly to beginning of this topic.
Or go to My Account >> Tools >> Topic Search. Type in "investment interest expenses", then click the topic in the list to go directly to the start of this section.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
minhhieu0912
New Member
Tamlyn74
New Member
knownoise
Returning Member
schnelle
New Member
j-zee
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.