https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-deduct-monthly-interest-paid-on-a-valid-promissory-note-to-my-parents-i-used-to-purchase/01/171141#M6552 <P>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?</P> Sat, 01 Jun 2019 15:18:32 GMT andre_arrieta 2019-06-01T15:18:32Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-deduct-monthly-interest-paid-on-a-valid-promissory-note-to-my-parents-i-used-to-purchase/01/171141#M6552 <P>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?</P> Sat, 01 Jun 2019 15:18:32 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-deduct-monthly-interest-paid-on-a-valid-promissory-note-to-my-parents-i-used-to-purchase/01/171141#M6552 andre_arrieta 2019-06-01T15:18:32Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/you-can-deduct-this-interest-as-a-rental-expense-in-the/01/171145#M6553 <P>You can deduct this interest as a rental expense.</P><P>In the rental section, click <B>Update</B> next to <B>Expenses</B>. Continue until you get to the page titled <B>Any Other Interest Paid?</B> (see attached screenshot).<BR /></P> Sat, 01 Jun 2019 15:18:33 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/you-can-deduct-this-interest-as-a-rental-expense-in-the/01/171145#M6553 MinhT 2019-06-01T15:18:33Z