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Level 1
June 9, 2025
Question

Apprentice mechanic tools - interest on loan

  • June 9, 2025
  • 1 reply
  • 6 views

My son is an apprentice mechanic and made a significant purchase of tools for this trade and took out a 5-year loan to finance the expense.  How and where do I input the interest on the loan

    1 reply

    TurboTax_Susan
    Alumni - Intuit
    June 10, 2025

    There is no deduction for interest on loans used to buy Apprentice mechanic tools.