You don’t specify what your business type is in your post, but if you’re self-employed, the interest would be claimed on Schedule C, where you report your self-employment income.
To enter your Self-Employment Income and Expenses in TurboTax Online:
- If you’re on the Hi TurboTax Client, let's keep working on your taxes! screen, click the Pick up where you left off button
- Click Federal in the left pane, if you’re not already there
- Click Income & Expenses in the banner
- Click Show more to the right of Self-Employment
- Click Start to the right of Self-employment income and expenses
- Click Yes on the Did you have any self-employment income or expenses? page
There’s a special category for interest expenses.
If you’re not self-employed, please post back with more information.
@RonLF
