Where do I enter my Lease Car interest expense and my Equity Bank Loan interest expense

flamab1 · ‎January 24, 2025

xmasbaby0

Are you asking about a car for your personal use or a car used for your business in which you are self-employed?

**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.**

AmyC

Mortgage loan / home equity interest is entered in deductions and credits under mortgage interest. Car interest that is personal is not deductible. Car lease payments used for business can be deducted as a business expense. Include the business percentage used as the deduction.

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Where do I enter my Lease Car interest expense and my Equity Bank Loan interest expense