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New Member
posted Jun 6, 2019 12:15:16 PM

Where do I report automobile interest paid

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1 Best answer
New Member
Jun 6, 2019 12:15:18 PM

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

1 Replies
New Member
Jun 6, 2019 12:15:18 PM

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