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Will I get refund on the car I have on loan

I bought car in 2018 - on loan. I am still paying the loan every month. I wanted to know if I will get any kind of refund on my car that I got on loan. If yes, then where and in which section do I need to mention about my car.


Note that I got the car 2 years back, and I have not mentioned my car loan in last year tax filing process.
Please guide me

 

- Mahreen Ali

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1 Reply
Bees
Level 7

Will I get refund on the car I have on loan

You have nothing to report unless you use the car in your business.

Disclaimer: Not a tax professional. Information gathered from internet links. Anything dated in June 2019 was posted in prior years and is before the 2019 limits and changes.
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