- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No - you will not be able to claim any interest expense for your self-employment business for a car purchased using a portion of the funds you received from your home equity loan.
Instead, you will be able to include the interest on this home equity loan (up to $100,000) as an itemized personal deduction on Schedule A.
‎June 5, 2019
3:24 PM