Where do I report automobile interest paid

westfamx3 · ‎June 6, 2019

viktoriyab11 · ‎June 6, 2019

Vehicle loan interest can be deducted under "Enter Other Vehicle Expenses for your" car.

The percentage of time (based on miles) that the vehicle is used for business determines the deductible portion of these expenses.

Follow this link for additional information Business Use of Vehicles https://turbotax.intuit.com/tax-tips/small-business-taxes/business-use-of-vehicles/L6hi0zzzh

viktoriyab11 · ‎June 6, 2019

Vehicle loan interest can be deducted under "Enter Other Vehicle Expenses for your" car.

The percentage of time (based on miles) that the vehicle is used for business determines the deductible portion of these expenses.

Follow this link for additional information Business Use of Vehicles https://turbotax.intuit.com/tax-tips/small-business-taxes/business-use-of-vehicles/L6hi0zzzh

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