Where do I enter my interest paid on auto loan 2019?

melindamyers0908 · ‎February 4, 2020

MinhT1 · ‎February 4, 2020

If the car is for your personal use, interest paid on the auto loan is not deductible and not entered on your tax return.

If the car is used for business, your can deduct as a business expense the business share of this interest as Interest paid.

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MinhT1 · ‎February 4, 2020

If the car is for your personal use, interest paid on the auto loan is not deductible and not entered on your tax return.

If the car is used for business, your can deduct as a business expense the business share of this interest as Interest paid.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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