Get your taxes done using TurboTax

If you borrow for business or personal purposes as well as investment, you can deduct only the interest expense on the part borrowed for investment purposes.

 

To enter Investment Interest expenses -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Retirement and Investments
On Investment Interest Expenses, click the start or update button