ThomasM125
Employee Tax Expert

Deductions & credits

I believe you are referring to interest on a loan you took out to purchase stock in a corporation. If so, that would be investment interest expense. It would be entered in the Deductions and Credits area of TurboTax, then Retirement and Investments, then Investment Interest Expense. It is an itemized deduction and as such will only benefit you if you can benefit from itemizing your deductions. @oasisus888

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