Where do I tell TurboTax about a small business loan?

[Blessedx4]

We got a small business loan, and I don't see where I enter the information into TurboTax...

[VolvoGirl · Accepted solution]

You can deduct the interest paid.

Go to Business tab- then Continue
Choose Jump to Full List -or I'll choose what I work on

Then…..
Business Income and Expenses - Click the Start or Update button

Then click EDIT by your business name and the next screen should be a list of  topics,
Business Profile, Income, Inventory/Cost of Goods Sold, Expenses, Assets, and Final Details last.

Under Business Expenses, Click Start or Update by Other common business expenses
You should see the list of expenses and amounts you entered.
Then click the start or update button by the expense you want to add or edit.
Interest Payments is the 7th item under Expenses - Click the Start or Update button