Cjbonilla
New Member

Get your taxes done using TurboTax

Hi there! 

I have taken a few square capitol loans out before and paid them all off, but I have never written them off in my taxes. Before I submit my 2019 taxes, I wanted to know where do I put this deduction? 
also, to be clear, I am not able to write off the loan amount or the total that was paid, correct? I can only write off the fixed rate interest that was added to the loan amount upon accepting the fixed rate loan from square capitol?