Claiming Loan Interest...Help Anyone Pls

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  • frugalmama4
    Daycare.com Member
    • Jan 2012
    • 470

    Claiming Loan Interest...Help Anyone Pls

    Hello,

    Does anyone know where you claim loan interest in turbo tax?

    E.g I'm claiming the year to date interest paid on a simply interest loan for my vacuum cleaner...using the time-space %

    Thanks!
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    interest

    Claim it under business loan and enter only the time-space % of the interest.
    http://www.tomcopelandblog.com

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