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bradleyfrakes13
New Member

Is interest from car loans deductible?

I have 2 car loans. Is the interest paid deductible?
2 Replies
PeterM
New Member

Is interest from car loans deductible?

If this is your personal vehicle (not a business vehicle), the loan interest is NOT deductible.



Bhirth
New Member

Is interest from car loans deductible?

What if it is a personal car that is also used as part of your work/business? for example, driving to clients and mandatory work meetings on a regular basis?
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