Which deduction should I use? Turbotax Business

[stargard1]

Hi,

Another newbie question! Thanks in advance for my stupidity.

Below is my deduction screen

I have to input some deductions, but not quite sure where it fits.

I have a 150K loan from the shareholders from 2021

1. This year 2022, I made revenue, so I returned 40K of the loan to the shareholder

Where do I make the deduction? (does not seem to have a specific category). Misc Category?

2. Another shareholder  provided a 50K loan this year (2022). Is this added to the income or deduction tab?

Seems there is no place for it the income?

Thanks in advance!!

[MaryK4 · Accepted solution]

Loans from shareholders do not get reported on your tax return, except on the balance sheet.  You enter any interest paid as a interest expense.