How do I add interest on car loan

jerryplaster · ‎February 3, 2025

xmasbaby0 · ‎February 3, 2025

Are you self-employed? If not, you do not add anything about a car loan.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

ThomasM125 · ‎February 3, 2025

Interest expense on a car loan would only be deductible if you use the vehicle for your business, and then only by an amount equal to the percentage of time you use the vehicle for business as opposed to personal use. You would enter it as interest expense in the business expenses section where you enter your business income and expenses. It is not generally deductible if you are a salary (W-2) employee.

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How do I add interest on car loan