topic Took a loan against my retirement to start a small business. The business is paying me the $ for the loan. Is the loan amount considered an expense? Where do I put it? in After you file https://ttlc.intuit.com/community/after-you-file/discussion/took-a-loan-against-my-retirement-to-start-a-small-business-the-business-is-paying-me-the-for-the/01/255724#M49459 Sat, 01 Jun 2019 20:55:55 GMT vkmk4evr 2019-06-01T20:55:55Z Took a loan against my retirement to start a small business. The business is paying me the $ for the loan. Is the loan amount considered an expense? Where do I put it? https://ttlc.intuit.com/community/after-you-file/discussion/took-a-loan-against-my-retirement-to-start-a-small-business-the-business-is-paying-me-the-for-the/01/255724#M49459 Sat, 01 Jun 2019 20:55:55 GMT https://ttlc.intuit.com/community/after-you-file/discussion/took-a-loan-against-my-retirement-to-start-a-small-business-the-business-is-paying-me-the-for-the/01/255724#M49459 vkmk4evr 2019-06-01T20:55:55Z If you use the loan for your business, you can deduct the... https://ttlc.intuit.com/community/after-you-file/discussion/if-you-use-the-loan-for-your-business-you-can-deduct-the/01/255728#M49461 <P>If you use the loan for your business, you can deduct the <U>interest paid</U> on the loan as a business expense under <U>Interest</U>.</P><P>The total loan amount is not an expense, nor are the principal portion of the loan repayments.</P> Sat, 01 Jun 2019 20:55:56 GMT https://ttlc.intuit.com/community/after-you-file/discussion/if-you-use-the-loan-for-your-business-you-can-deduct-the/01/255728#M49461 MinhT 2019-06-01T20:55:56Z See OP's other post: <a rel="nofollow" target="_blank" hr... https://ttlc.intuit.com/community/after-you-file/discussion/see-op-s-other-post-a-rel-nofollow-target-blank-hr/01/255731#M49463 See OP's other post:<BR />&lt;a rel="nofollow" target="_blank" href="<A href="https://ttlc.intuit.com/questions/4675270-we-have-a-business-that-is-a-partnership-between-4-people-all-family-2-adult-sons-husband-and-me-would-i-split-all-income-and-expenses-on-a-schedule-c-for-each-of-us&quot;&gt;https://ttlc.intuit.com/questions/4675270-we-have-a-business-that-is-a-partnership-between-4-people-all-family-2-adult-sons-husband-and-me-would-i-split-all-income-and-expenses-on-a-schedule-c-for-each-of-us&lt;/a" target="_blank">https://ttlc.intuit.com/questions/4675270-we-have-a-business-that-is-a-partnership-between-4-people-all-family-2-adult-sons-husband-and-me-would-i-split-all-income-and-expenses-on-a-schedule-c-for-each-of-us"&gt;https://ttlc.intuit.com/questions/4675270-we-have-a-business-that-is-a-partnership-between-4-people-all-family-2-adult-sons-husband-and-me-would-i-split-all-income-and-expenses-on-a-schedule-c-for-each-of-us&lt;/a</A>&gt; Sat, 01 Jun 2019 20:55:57 GMT https://ttlc.intuit.com/community/after-you-file/discussion/see-op-s-other-post-a-rel-nofollow-target-blank-hr/01/255731#M49463 SweetieJean 2019-06-01T20:55:57Z