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New Member
posted May 31, 2019 11:38:11 PM

Is interest paid on a car loan deductible

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2 Replies
Expert Alumni
May 31, 2019 11:38:13 PM

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. 

New Member
May 31, 2019 11:38:15 PM

How do I figure out the business portion of the interest?