https://ttlc.intuit.com/community/self-employed-group/discussion/re-interest/01/2368293#M3295 <P>No.&nbsp; Interest you receive from the bank is Interest Income.&nbsp;&nbsp;</P> <P>&nbsp;</P> <P>Interest you pay for your EIDL is Interest Expense.</P> <P>&nbsp;</P> <P>You will want to keep track separately.</P> <P>&nbsp;</P> <P>Hope you find this information helpful!</P> Wed, 27 Oct 2021 17:07:41 GMT conniem123 2021-10-27T17:07:41Z https://ttlc.intuit.com/community/self-employed-group/discussion/interest/01/2368159#M3294 <P>The bank pays interest of a few cents to me. I pay interest to EIDL. Are both forms of interest recorded to the same account?</P> Wed, 27 Oct 2021 16:30:34 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/interest/01/2368159#M3294 JROCKET27 2021-10-27T16:30:34Z https://ttlc.intuit.com/community/self-employed-group/discussion/re-interest/01/2368293#M3295 <P>No.&nbsp; Interest you receive from the bank is Interest Income.&nbsp;&nbsp;</P> <P>&nbsp;</P> <P>Interest you pay for your EIDL is Interest Expense.</P> <P>&nbsp;</P> <P>You will want to keep track separately.</P> <P>&nbsp;</P> <P>Hope you find this information helpful!</P> Wed, 27 Oct 2021 17:07:41 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/re-interest/01/2368293#M3295 conniem123 2021-10-27T17:07:41Z