personal loan interest is not deductible for federal income tax purposes. maybe state but that would be through the state interview.
elvia_fiorella
Level 2
Feb 15, 2021 1:14:08 AM
However, you may be able to take a tax deduction if you use the loan for certain, specific purposes and meet all the eligibility requirements. "Business expenses", "Qualified higher education expenses", "Taxable investments"