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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
To enter this in TurboTax Online, navigate to Federal > Deductions & Credits > Deductions & Credits Summary > Cars and Other Things You Own > Car Loan Interest
There are a few qualifications that are required in order to be eligible for this deduction.
According to What is the vehicle loan interest deduction?, here are the rules:
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