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bull2588
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Is interest paid on a car loan deductible

 
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‎May 31, 2019 11:38 PM
last updated ‎May 31, 2019 11:38 PM
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2 Replies
MargaretL
Expert Alumni
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Is interest paid on a car loan deductible

No, interest on a personal car is not tax deductible.  Only if the car is used for business, the business portion of interest can be. 

‎May 31, 2019 11:38 PM
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missimort
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Is interest paid on a car loan deductible

How do I figure out the business portion of the interest?
‎May 31, 2019 11:38 PM
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