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landsc8
New Member

I bought a US made car last year and the company sent me the interest payments for last year. How do I enter this on my taxes?

Car loan interest deduction?
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1 Best answer

Accepted Solutions
DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I bought a US made car last year and the company sent me the interest payments for last year. How do I enter this on my taxes?

To enter, edit or delete New Car Loan Interest -

Click on Federal Taxes (Personal using Home & Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Cars and Other Things You Own
On Car Loan Interest, click on the start or update button

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1 Reply
DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I bought a US made car last year and the company sent me the interest payments for last year. How do I enter this on my taxes?

To enter, edit or delete New Car Loan Interest -

Click on Federal Taxes (Personal using Home & Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Cars and Other Things You Own
On Car Loan Interest, click on the start or update button

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