Can I claim the interest on a car title loan as interest paid on your car in the self employed business section?

[preciousjanelle]

This is a vehicle I use to Instacart

[AmyC]

You can claim the percentage used for business. For example, if your car is used 50% for business, then 50% of the interest would be deductible.  

Reference: Business Use of Vehicles - TurboTax Tax Tips & Videos - Intuit

[Opus 17]

---

@AmyC wrote:

You can claim the percentage used for business. For example, if your car is used 50% for business, then 50% of the interest would be deductible.  

Reference: Business Use of Vehicles - TurboTax Tax Tips & Videos - Intuit

---

However, the purpose of the loan must be for the business.  If you take out a loan for personal expenses, the interest is not a deductible business expense, even if it is secured by a business vehicle.  

To be deductible, business expenses must be ordinary and necessary expenses of the business.