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New Member
posted Mar 15, 2025 9:12:22 AM

Where do you enter interest paid on a vehicle?

Can interest paid on a vehicle be entered on your tax return?

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2 Replies
Level 15
Mar 15, 2025 9:13:36 AM

Interest paid on a personal vehicle loan, not used in a business, is not entered on a tax return.

Level 15
Mar 15, 2025 9:13:49 AM

Only if you have a business and use the vehicle in your business.