I have a 1098-VLI where do i enter that information

Forum|Forum|7 months ago
February 10, 2026
4 replies
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TurboTax Online

DoninGA

Level 15

To enter Car Loan Interest -

Click on Federal Taxes (Personal using Home & Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Cars and Other Things You Own
On Car Loan Interest, click on the start or update button

Hal_Al

Level 15

The 1098-VLI is only an informational document. The numbers on it are not required to be entered onto your tax return.

However, it means you paid interest on an auto loan and that is deductible as an itemized deduction. If you normally use the standard deduction, the VLI form is unlikely to help you and may require you to upgrade in TurboTax.

Texas1973

Level 2

The info I find on the internet does say it can be deducted even with taking the standard?

Yes, you can use Form 1098-VLI to claim a deduction for interest paid on a qualified new-vehicle loan, even if you are taking the standard deduction, because this, (often referred to as part of the One Big Beautiful Bill Act (OBBBA)) allows for a below-the-line deduction. It is designed as a temporary incentive to deduct up to

of interest paid on qualified vehicle loans, independent of itemizing.