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Personal loan interest ... where do I enter this?
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February 15, 2021
12:33 AM
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Deductions & credits
personal loan interest is not deductible for federal income tax purposes. maybe state but that would be through the state interview.
February 15, 2021
12:37 AM
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Deductions & credits
However, you may be able to take a tax deduction if you use the loan for certain, specific purposes and meet all the eligibility requirements. "Business expenses", "Qualified higher education expenses", "Taxable investments"
February 15, 2021
1:14 AM