You'll need to sign in or create an account to connect with an expert.
No, it is a personal expense.
Generally, loans are considered personal expenses. So, the interest on car loans, credit cards, etc., is not deductible.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
masonparent
Level 3
pasta1234
New Member
kudenchup
Level 1
pjsagar41
New Member
pjsagar41
New Member