Where do I put finance charges on and equipment loan that was used for business

[dedepaul]

I put in the machinery purchased but want to enter the interest (finance charges) paid in 2016.

[RichardK]

You can report interest paid on equipment loan on Schedule C.

[johnacman]

1120S does not have a schedule C

[MaryK4]

In TurboTax Business, go to Deductions-- Common Business Expenses.

Enter as Interest Expense.

@johnacman