Can I deduct monthly interest paid on a valid promissory note to my parents I used to purchase investment rental property? How would I do so within turbotax

[andre_arrieta]

I am repaying my parents on a promissory note I used to purchase a investment rental property. The promissory note is lawyer drafted and has a standard interest rate. The property has never been used for personal use and has been a rental since purchase. If so, how would I do so within Turbotax?

[MinhT]

You can deduct this interest as a rental expense.

In the rental section, click Update next to Expenses. Continue until you get to the page titled Any Other Interest Paid? (see attached screenshot).